XN000022-1992-11-17 — Page 14

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TUESDAY, NOVEMBER 17, 1992

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

OPENING BALANCE IN THE ACCOUNT

REVERSAL OF LAF

BALANCE AFTER REVERSAL OF LAF

NET INJECTION/WITHDRAWAL TODAY

$ MILLION

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER TWI 113.1 *+0.4* 17.11.92

HONG KONG GOVERNMENT EXCHANGE FUND

1,500

NIL

1,500

NIL

NIL

1,500

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON PRICE

YIELD

1 WEEK

3.09 PCT

15 MONTHS

2402

6.25

101.33 4.44

1 MONTH

3.23 PCT

18 MONTHS

2405

5,50

101.33 4.63

3 MONTHS

3.62 PCT

21 MONTHS

2408

4.375

99.36 4.81

6 MONTHS

3.71 PCT

24 MONTHS

2411

4.625

99.44 4.98

12 MONTHS

4.04 PCT

TOTAL TURNOVER OF BILLS AND BONDS - 14,687MN

CLOSED 17 NOVEMBER 1992