XN000022-1992-12-08 — Page 16

15.

TUESDAY, DECEMBER 8, 1992

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 113.7 -0.3* 8.12.1992

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

3.22 PCT

15 MONTHS 2402

5.50

100.37

5.24

1 MONTH

3 MONTHS

3.90 PCT

4.26 PCT

18 MONTHS

2405

5.50

100.30

5.35

21 MONTHS

2408

4.375

98.34

5.48

6 MONTHS 4.43 PCT

24 MONTHS 2411

4.625

98.37

5.60

12 MONTHS 4.88 PCT

TOTAL TURNOVER OF BILLS AND BONDS

3,751 MN

CLOSED 8 DECEMBER 1992