XN000022-1992-12-17 — Page 16

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THURSDAY, DECEMBER 17, 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 114.1 -0.1 17.12.1992

HONG KONG GOVERNMENT EXCHANGE FUND

$ MILLION

1.500

NIL

1,500

NIL

-500

1.000

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

3.23 PCT

15 MONTHS 2402

5.50

100.53 5.08

1 MONTH

3.75 PCT

18 MONTHS

2405

5.50

100.38

5.28

3 MONTHS

4.01 PCT

21 MONTHS

2408

4.375

98.41

5.45

6 MONTHS 4.10 POT

24 MONTHS 2411

4.625

98.42

5.58

12 MONTHS 4.71 PCT

TOTAL TURNOVER OF BILLS AND BONDS

-

1,590 MN

CLOSED 17 DECEMBER 1992