XN000022-1993-02-17 — Page 9

WEDNESDAY, FEBRUARY 17, 1993

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

**

$ MILLION

OPENING BALANCE IN THE ACCOUNT

2,150

REVERSAL OF LAF

NIL

BALANCE AFTER REVERSAL OF LAF

2,150

NET INJECTION/WITHDRAWAL TODAY

NIL

EFFECT OF LAF TODAY

+2,800

CLOSING BALANCE IN THE ACCOUNT

4,950

LAF RATE 2.00 BID/4.00 OFFER TWI 114.4 *-0.4* 17.2.93

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

3.05 PCT

1 MONTH

3.04 PCT

15 MONTHS 2406

18 MONTHS

5.50

102.18

3.73

2408

5.50

100.76 3.89

3 MONTHS

3.04 PCT

21 MONTHS

2411

4.375

100.80 4 .18

6 MONTHS 3.16 PCT

12 MONTHS

24 MONTHS

2502

4.625

100.81

4.37

3.56 PCT

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 17 FEBRUARY 1993

-

16,313 MN

0