XN000022-1992-12-11 — Page 25

24

FRIDAY, DECEMBER 11, 1992

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

* * * +

$ MILLION

OPENING BALANCE IN THE ACCOUNT

2,000

REVERSAL OF LAF

-500

BALANCE AFTER REVERSAL OF LAP

1,500

NET INJECTION/WITHDRAWAL TODAY

EFFECT OF LAF TODAY

NIL

NIL

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER

1,500

TWI 14.1 *+0.1*

11.12.92

HONG KONG GOVERNMENT EXCHANGE FUND

HONG KONG GOVERNMENT BONDS

EF BILLS

TERNS

YIELD

TERM

ISSUE

COUPON PRICE YIELD

1 WEEK

3.08 POT

15 MONTHS

2402

5.50

100.43 5.18

1 MONTII

3.58 POT

18 MONTHS

2405

5.50

100.35 5.31

3 MONTHS

3.97 PCT

21 MONTHS

2108

4.375

98.42 5.44

6 MONTIIS 4.07 POT

12 MONTHS

24 MONTHS

2111

1.625

98. 46

5.55

4.75 PCT

TOTAL TURNOVER OF BILLS AND BONDS

—

2,760MN

CLOSED 11 DECEMBER 1992