XN000022-1992-12-03 — Page 15

THURSDAY, DECEMBER 3, 1992

14

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 113.60 +0.1* 3.12.1992

HONG KONG GOVERNMENT EXCHANGE FUND

$ MILLION

1,730

-230

1,500

NIL

+260

1,760

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

1 MONTH

3.88 PCT

15 MONTHS 2402

5.50

100.02

5.55

4.32 PCT

18 MONTHS 2405

5.50

99.93

5.63

3 MONTHS

4.55 PCT

21 MONTHS 2408

4.375

97.97

5.71

6 MONTHS 4.73 PCT

12 MONTHS 5.41 PCT

24 MONTHS 2411

4.625

97.98

5.81

TOTAL TURNOVER OF BILLS AND BONDS 4,913 MN

CLOSED 3 DECEMBER 1992