XN000022-1992-12-29 — Page 6

TUESDAY, DECEMBER 29, 1992

5

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

$ MILLION

OPENING BALANCE IN THE ACCOUNT

1,800

REVERSAL OF LAF

-300

BALANCE AFTER REVERSAL OF LAF

1,500

NET INJECTION/WITHDRAWAL TODAY

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER

TWI 114.5 +0.3* 29.12.92

NIL

NIL

1,500

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

1 WEER

4.22 PCT

14 MONTHS

2402

5.50

ISSUE COUPON PRICE YIELD

100.68

4.93

1 MONTH

4.03 PCT

17 MONTHS

2405

5.50

100.51 5.18

3 MONTHS

4.02 PCT

20 MONTHS

2408

4.375

98.56

5.37

6 MONTHS

4.15 PCT

23 MONTHS

2411

4.625

98.51 5.54

12 MONTHS

4.78 PCT

-

TOTAL TURNOVER OF BILLS AND BONDS 2,895MN

CLOSED 29 DECEMBER 1992