XN000022-1992-11-13 — Page 22

FRIDAY, NOVEMBER 13, 1992

21

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

* * * * *

$ MILLION

OPENING BALANCE IN THE ACCOUNT

REVERSAL OF LAF

BALANCE AFTER REVERSAL OF LAF

NET INJECTION/WITHDRAWAL TODAY

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER

1,500

NIL

1,500

NIL

+370

1,870

TWI 112.7 -0.1* 13.11.92

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE COUPON PRICE YIELD

1 WEEK

2.85 PCT

12 MONTHS

2311

6.25

102.54 3.69

1 MONTH

3.08 PCT

15 MONTHS

2402

5.50

101.87 3.99

3 MONTHS

3.32 PCT

18 MONTHS

2405

5.50

101.88 4.24

6 MONTHS

3.44 PCT

21 MONTHS

2408

4.375

99.89 4.49

12 MONTHS

3.76 PCT

TOTAL TURNOVER OF BILLS AND BONDS 8,197MN

CLOSED 13 NOVEMBER 1992