XN000022-1993-05-17 — Page 14

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MONDAY, MAY 17, 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 TW 112.2 *+0.0* 17.5.93

HONG KONG GOVERNMENT EXCHANGE FUND

$ MILLION

1,430

+720

2,150

NIL

-80

2,070

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

1 MONTH

3.17 PCT

15 MONTHS 2408

1.375

101 14

+

3.46

3.11 PCT

18 MONTHS 2411

4.625

101.48

3.63

3 MONTHS

3.00 PCT

21 MONTHS

2502

4.75

101.60

3.83

6 MONTHS 3.10 PCT

24 MONTHS 2505

3.75

99.65

3.97

12 MONTHS 3.27 PCT

TOTAL TURNOVER OF BILLS AND BONDS

-

10,594 MN

CLOSED 17 MAY 1993

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