XN000022-1993-03-11 — Page 22

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THURSDAY, MARCH 11, 1993

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

OPENING BALANCE IN THE ACCOUNT

$ MILLION

2,150

NIL

2,150

NIL

-560

1,590

11.3.93

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 114.2 *+0.1*

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE COUPON PRICE

YIELD

1 WEEK

2.10 PCT

14 MONTHS

2405

5.50

102.44 3.41

1 MONTH

2.53 PCT

17 MONTHS

2408

5.50

101.30 3.47

3 MONTHS

2.84 PCT

20 MONTHS

2411

4.375

101.67 3.62

6 MONTHS

3.03 PCT

23 MONTHS

2502

4.625

101.76 3.83

12 MONTHS

3.31 PCT

TOTAL TURNOVER OF BILLS AND BONDS

—

15,746MN

CLOSED 11 MARCH 1993