XN000022-1992-12-15 — Page 25

TUESDAY, DECEMBER 15, 1992

24

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 114.30 *+0.3* 15.12.1992

HONG KONG GOVERNMENT EXCHANGE FUND

$ MILLION

1,430

+70

1,500

NIL

NIL

1,500

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

3.06 PCT

15 MONTHS 2402

5.50

100.38

5.22

1 MONTH

3.64 POT 18 MONTHS 2405

5.50

100.31

5.34

3 MONTHS

4.04 PCT

21 MONTHS 2408

4.375

98.36 5.48

6 MONTHS 4.12 PCT 24 MONTHS 2411

4.625

98.39

5.59

12 MONTHS 4.80 PCT

TOTAL TURNOVER OF BILLS AND BONDS 2,000 MN

CLOSED 15 DECEMBER 1992