XN000022-1993-04-08 — Page 18

17

THURSDAY, APRIL 8, 1993

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

* * *

$ MILLION

OPENING BALANCE IN THE ACCOUNT

1,750

REVERSAL OF LAF

+400

BALANCE AFTER REVERSAL OF LAF

2,150

NET INJECTION/WITHDRAWAL TODAY

NIL

EFFECT OF LAF TODAY

-860

CLOSING BALANCE IN THE ACCOUNT

1,290

LAF RATE 2.00 BID/4.00 OFFER

TWI 112.9

*-0.1*

8.4.93

HONG KONG GOVERNMENT EXCHANGE FUND

HONG KONG GOVERNMENT BONDS

EF BILLS

TERMS

YIELD

TERM

ISSUE

COUPON PRICE YIELD

1 WEEK

1 MONTH

3.05 PCT

13 MONTHS

2405

5.50

102.38 3.30

2.88 PCT

16 MONTHS

2408

4.375

101.20

3.48

3 MONTHS

2.91 PCT

19 MONTHS

2411

4.625

101.48

3.69

6 MONTHS

3.07 PCT

22 MONTHS

2502

4.75

101.58

3.89

12 MONTHS

3.31 PCT

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 8 APRIL 1993

0

-

+

2,975MN