XN000022-1993-02-02 — Page 8

TUESDAY, FEBRUARY 2, 1993

HONG KONG GOVERNMENT EXCHANGE FUND

MARKET OPERATIONS

* * * * *

MONEY

MILLION

OPENING BALANCE IN THE ACCOUNT

1,500

REVERSAL OF LAF

NIL

BALANCE AFTER REVERSAL OF LAF

1,500

NET INJECTION/WITHDRAWAL TODAY

NIL

EFFECT OF LAF TODAY

NIL

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER TWI 115.00 *+0.0* 2.2.93

1,500

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON PRICE

YIELD

1 WEEK

1 MONTH

2.83 PCT

12 MONTHS

2402

5.50

101.51

4.04

2.84 PCT

15 MONTHS

2405

5.50

101.56

4.28

3 MONTHS

3.00 PCT

18 MONTHS

2408

4.375

99.69

4.64

6 MONTHS

3.31 PCT

21 MONTHS

2411

4.625

99.69

4.86

12 MONTHS

3.96 PCT

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 2 FEBRUARY

1993

15,307 MN