XN000022-1992-11-25 — Page 32

1

WEDNESDAY, NOVEMBER 25, 1992

30

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

OPENING BALANCE IN THE ACCOUNT

REVERSAL OF LAF

BALANCE AFTER REVERSL OF LAF

NET INJECTION/WITHDRAWAL TODAY

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER TWI 113.4 -0.1 25.11.92

HONG KONG GOVERNMENT EXCHANGE FUND

$ MILLION

1,500

NIL

1,500

NIL

NIL

1,500

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

2.93 PCT

15 MONTHS

2402

5.50

101.30

4.44

1 MONTH

3.60 PCT

18 MONTHS

2405

5.50

101.30

4.63

3 MONTHS

3.74 PCT

21 MONTHS

2408

4.375

99.30

4.86

6 MONTHS

12 MONTHS

3.86 PCT

4.32 PCT

24 MONTHS

2411

4.625

99.30

5.06

TOTAL TURNOVER OF BILLS AND BONDS

—

10,711 MN

CLOSED 25 NOVEMBER 1992