XN000022-1993-03-10 — Page 10

WEDNESDAY, MARCH 10, 1993

9

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 TWI 114.1 *+0.1* 10.3.1993

HONG KONG GOVERNMENT EXCHANGE FUND

MILLION

1,720

+430

2,150

NIL

NIL

2,150

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

2.15 PCT

14 MONTHS 2405

5.50

102.45

3.41

1 MONTH

3 MONTHS

2.54 PCT

17 MONTHS

2408

5.50

101.31

3.46

2.84 PCT

20 MONTHS

2411

4.375

101.69 3.61

6 MONTHS 3.03 PCT

23 MONTHS 2502

4.625

101.77

3.83

12 MONTHS 3.30 PCT

TOTAL TURNOVER OF BILLS AND BONDS

—

21,752MN

CLOSED 10 MARCH 1993

Page 10Page 11