XN000022-1993-01-06 — Page 12

WEDNESDAY, JANUARY 6, 1993

11

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

* *

$ MILLION

OPENING BALANCE IN THE ACCOUNT

1,170

REVERSAL OF LAF

+330

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 114.3 -0.3* 6.1.93

HONG KONG GOVERNMENT EXCHANGE FUND

NIL

-400

1,100

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON PRICE

YIELD

1 WEEK

1 MONTH

2.97 PCT

13 MONTHS

2402

5.50

101.03 4.59

3.42 PCT

16 MONTHS

2405

5.50

100.88 4.88

3 MONTHS

3.66 PCT

19 MONTHS

2408

4.375

98.87

5.18

6 MONTHS

3.89 PCT

22 MONTHS

2411

4.625

98.83 5.36

12 MONTHS 4.55 PCT

TOTAL TURNOVER OF BILLS AND BONDS

14,232MN

CLOSED 6 JANUARY 1993