XN000022-1993-04-20 — Page 25

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TUESDAY, APRIL 20, 1993

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS * * * * *

OPENING BALANCE IN THE ACCOUNT

$ MILLION

2,370

-220

2,150

NIL

-590

1,560

20.4.93

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 111.9 *-0.3*

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

[SSUE

COUPON PRICE YIELD

1 WEEK

1 MONTH

3.13 PCT

13 MONTHS

2405

5.50

102.34

3.30

2.97 PCT

16 MONTHS

2408

4.375

101.25 3.43

3 MONTHS

2.88 PCT

19 MONTHS

2411

6 MONTHS

3.04 PCT

22 MONTHS

2502

4.625

4.75

101.58 3.61

101.72

3.80

12 MONTHS

3.28 PCT

TOTAL TURNOVER OF BILLS AND BONDS

16.985MN

CLOSED 20 APRIL 1993