XN000022-1993-04-07 — Page 10

WEDNESDAY, APRIL 7, 1993

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS * * * * *

$ MILLION

OPENING BALANCE IN THE ACCOUNT

1,420

REVERSAL OF LAF

+730

BALANCE AFTER REVERSAL OF LAF

2,150

NET INJECTION/WITHDRAWAL TODAY

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER

TWI 113.0 *+0.0*

NIL

-400

1,750

7.4.93

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE YIELD

1 WEEK

3.00 PCT

13 MONTHS

2405

5.50

102.39 3.32

1 MONTH

2.87 PCT

16 MONTHS

2408

4. 375

101.18 3.51

3 MONTHS

2.90 POT

19 MONTHS

2411

4.625

101.49 3.69

6 MONTHS

3.07 PCT

22 MONTHS

2502

4.75

101.56 3.91

12 MONTHS

3.30 PCT

TOTAL TURNOVER OF BILLS AND BONDS

13,827MN

CLOSED 7 APRIL 1993