XN000022-1993-01-05 — Page 14

13

TUESDAY, JANUARY 5, 1993

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

OPENING BALANCE IN THE ACCOUNT

REVERSAL OF LAF

BALANCE AFTER REVERSAL OF LAF

NET INJECTION/WITHDRAWAL TODAY

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER TWI 114.6 *+0.2* 5.1.1993

HONG KONG GOVERNMENT EXCHANGE FUND

MILLION

1,500

NIL

1,500

NIL

-330

1,170

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

1 MONTH

3 MONTHS

3.11 PCT

13 MONTHS 2402

5.50

101.14

4.49

3.39 PCT

3.65 PCT

6 MONTHS 3.84 PCT

16 MONTHS 2405

19 MONTHS 2408

5.50

100.99

4.80

4.375

98.96 5.11

22 MONTHS 2411

4.625

98.92

5.30

12 MONTHS 4.42 PCT

TOTAL TURNOVER OF BILLS AND BONDS 9,810 MN

CLOSED 4 JANUARY 1993