XN000022-1992-11-20 — Page 18

17

FRIDAY, NOVEMBER 20, 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 LAP TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER TWI 113.2 +0.4* 20.11.92

1,500

NIL

1,500

NIL

+200

1,700

EF BILLS

HONG KONG GOVERNMENT EXCHANGE FUND

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

3.14 PCT

15 MONTHS

2402

6.25

101.22 4.52

1 MONTH

3.28 PCT

18 MONTHS

2405

5.50

101.20 4.71

3 MONTHS

3.60 PCT

21 MONTHS 2408

4.375

99.25 4.88

6 MONTHS

3.80 PCT

24 MONTHS 2411

4.625

99.33

5.05

12 MONTHS

4.30 PCT

TOTAL TURNOVER OF BILLS AND BONDS 5,498MN

CLOSED 20 NOVEMBER 1992