XN000022-1993-01-08 — Page 19

+

FRIDAY. JANUARY 8, 1993

18

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 114.7 *+0.2* 8.1.1993

HONG KONG GOVERNMENT EXCHANGE FUND

S MILLION

1,500

NIL

1,500

NIL

NIL

1,500

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

3.10 PCT

13 MONTHS

2402

5.50

100.74

4.86

1 MONTH

3.62 PCT

16 MONTHS

2405

5.50

100.59

5.10

3 MONTHS

3.89 PCT

19 MONTHS

2408

4.375

98.61

5.36

6 MONTHS 4.18 PCT

22 MONTHS 2411

4.625

98.54

5.54

12 MONTHS 4.79 PCT

TOTAL TURNOVER OF BILLS AND BONDS 11,466 MN

-

CLOSED 8 JANUARY 1993