XN000022-1993-04-14 — Page 7

WEDNESDAY, APRIL 14, 1993

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 112.3 *-0.1* 14.4.93

HONG KONG GOVERNMENT EXCHANGE FUND

$ MILLION

1,360

+790

2,150

NIL

-345

1,805

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

1 MONTH

3 MONTHS

6 MONTHS 2.92 PCT

2.27 PCT

2.50 PCT

13 MONTHS 2405

16 MONTHS

5.50

102.51

3.17

2408

4.375

101.44 3.30

2.70 PCT

19 MONTHS 2411

4.625

22 MONTHS 2502

4.75

101.91

101.80 3.48

3.70

12 MONTHS 3.14 PCT

TOTAL TURNOVER OF BILLS AND BONDS 22,182MN

CLOSED 14 APRIL 1993

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