XN000022-1993-04-30 — Page 24

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FRIDAY, APRIL 30, 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 111.8 *-0.1* 30.4.93

$ MILLION

2,020

+130

2,150

NIL

-90

2,060

HONG KONG GOVERNMENT EXCHANGE FUND

HONG KONG GOVERNMENT BONDS

EF BILLS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

1 MONTH

2.53 PCT

13 MONTHS 2405

5.50

102.51 3.06

2.69 PCT

16 MONTHS

2408

4.375

101.50

3.21

3 MONTHS

2.75 PCT

19 MONTHS

2411

4.625

101.83

3.42

6 MONTHS

2.86 PCT

22 MONTHS 2502

4.75

101.95

3.64

12 MONTHS 3.08 PCT

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 30 APRIL 1993

—

5,015MN