XN000022-1993-03-08 — Page 10

9

-

MONDAY, MARCH 8, 1993

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

**

$MILLION

OPENING BALANCE IN THE ACCOUNT

1,080

REVERSAL OF LAF

+1.070

BALANCE AFTER REVERSAL OF LAF

2.150

NET INJECTION/WITHDRAWAL TODAY

NIL

EFFECT OF LAF TODAY

-1,090

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER TWI 114.1

1,060

*+0.1* 8 .3.93

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON PRICE

YIELD

1 WEEK

2.57 PCT

14 MONTHS

2405

5.50

102.52

3.36

1 MONTH

2.77 PCT

17 MONTHS

2408

5.50

101.40

3.40

3 MONTHS

2.93 PCT

20 MONTHS

2411

4.375

101.78

3.56

6 MONTHS

3.05 PCT

23 MONTHS

2502

4.625

101.86

3.78

12 MONTHS 3.31 PCT

TOTAL TURNOVER OF BILLS AND BONDS

-

18.

791

MN

CLOSED

MARCH 8, 1993