XN000022-1993-01-11 — Page 27

25

MONDAY, JANUARY 11, 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

TW1 114.6 -0.1*

MILLION

1,500

NIL

1,500

NTL

-150

1,350

11.1.93

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE COUPON PRICE YIELD

1 WEEK

3.06 PCT

13 MONTHS

2402

5.50

100.95 4.65

1 MONTH

3.45 PCT

16 MONTHS

2405

5.50

100.83 4.91

3 MONTHS

3.78 PCT

19 MONTHS

2408

4.375

98.87 5.18

6 MONTHS

4.02 PCT

22 MONTHS

2411

4.625

98.83 5.37

12 MONTHS

4.60 PCT

TOTAL TURNOVER OF BILLS AND BONDS 11,451MN

CLOSED 11 JANUARY 1993

+