XN000022-1992-11-19 — Page 27

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THURSDAY, NOVEMBER 19, 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 112.8 -0.1 19.11.92

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

2.75 PCT

15 MONTHS

2402

6.25

101.50 4.29

1 MONTH

3.20 PCT

18 MONTHS

2405

5.50

101.49 4.51

3 MONTHS

3.55 PCT

21 MONTHS

2408

4.375

99.50

4.73

6 MONTHS

3.69 PCT

24 MONTHS 2411

4.625

99.60

4.90

12 MONTHS

4.00 PCT

-

TOTAL TURNOVER OF BILLS AND BONDS 4,389MN

CLOSED 19 NOVEMBER 1992