XN000022-1993-04-13 — Page 14

TUESDAY, APRIL 13, 1993

- 13

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 112.4 *-0.5 13.4.93

$ MILLION

1,290

+860

2,150

NIL

-790

1,360

HONG KONG GOVERNMENT EXCHANGE FUND

HONG KONG GOVERNMENT BONDS

EF BILLS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

2.58 PCT

13 MONTHS 2405

5.50

102.45 3.23

1 MONTH

2.66 PCT

16 MONTHS

2408

4.375

101.31

3.40

3 MONTHS

2.82 PCT

19 MONTHS 2411

4.625

101.66 3.57

6 MONTHS 3.03 PCT

12 MONTHS 3.20 PCT

22 MONTHS 2502

4.75

101.74

3.80

TOTAL TURNOVER OF BILLS AND BONDS

9,553MN

CLOSED 13 APRIL 1993