XN000022-1992-11-23 — Page 16

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15

MONDAY, NOVEMBER 23, 1992

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

* *

$ MILLION

OPENING BALANCE IN THE ACCOUNT

1,420

REVERSAL OF LAF

+80

BALANCE AFTER REVERSAL OF LAF

1,500

NET INJECTION/WITHDRAWAL TODAY

NIL

EFFECT OF LAF TODAY

NIL

CLOSING BALANCE IN THE ACCOUNT

1,500

LAF RATE 2.00 BID/4.00 OFFER TWI 113.6 +0.1 23.11.92

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

3.25 PCT

15 MONTHS

2402

5.50

101.19 4.54

1 MONTH

3.36 PCT

18 MONTHS

2405

5.50

101.16 4.74

3 MONTHS

3.63 PCT

21 MONTHS

2408

4.375

99.16 4.94

6 MONTHS

3.84 PCT

24 MONTHS

2411

4.625

99.27

5.08

12 MONTHS

4.32 PCT

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 23 NOVEMBER 1992

7,575 MN