XN000022-1993-01-27 — Page 12

WEDNESDAY, JANUARY 27, 1993

11

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

OPENING BALANCE IN THE ACCOUNT

REVERSAL OF LAF

BALANCE AFTER REVERSL OF LAF

NET INJECTION/WITHDRAWAL TODAY

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER TWI 114.30 +0.3* 27.1.1993

HONG KONG GOVERNMENT EXCHANGE FUND

$ MILLION

1,500

NIL

1,500

NIL

NIL

1,500

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUR

COUPON

PRICE

YIELD

1 WEEK

2.53 PCT 13 MONTHS 2402

5.50

101.64

3.94

1 MONTH

2.71 PCT

16 MONTHS 2405

5.50

101.65

4.23

3 MONTHS

2.87 PCT

19 MONTHS 2408

4.375

99.80 4.56

6 MONTHS 3.20 PCT

12 MONTHS 3.89 POT

22 MONTHS 2411

4.625

99.79

4.80

TOTAL TURNOVER OF BILLS AND BONDS 21,338MN

CLOSED 27 JANUARY 1993