XN000022-1993-01-07 — Page 13

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THURSDAY, JANUARY 7, 1993

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

$MILLION

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

1,100

+400

1,500

NIL

NIL

1.500

TWI 114.5 *+0.2* 7.1.93

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE COUPON PRICE YIELD

1 WEEK

3.03 PCT

13 MONTHS

2402

5.50

100.91 4.70

1 MONTH

3.43 PCT

16 MONTHS

2405

5.50

100.76 4.97

3 MONTHS

3.75 PCT

19 MONTHS

2408

4.375

98.75 5.26

6 MONTHS 3.99 PCT

22 MONTHS

2411

4.625

98.74 5.41

12 MONTHS

4.66 PCT

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 7 JANUARY 1993

-

10.

422MN