XN000022-1993-06-01 — Page 15

TUESDAY, JUNE 1, 1993

- 14

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

OPENING BALANCE IN THE ACCOUNT

REVERSAL OF LAF

BALANCE AFTER REVERSL OF LAF

NET INJECTION/WITHDRAWAL TODAY

*

**

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER TWI 111.6 -0.1* 1.6.1993

$ MILLION

1,925

+875

2,800

NIL

-424

2,376

HONG KONG GOVERNMENT EXCHANGE FUND

EF NOTES/HONG KONG GOVERNMENT BONDS

EF BILLS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

2.90 PCT

15 MONTHS 2408

4.375

100.80

3.72

1 MONTH

2.95 PCT

18 MONTHS

2411

4.625

101.11

3.87

3 MONTHS 3.10 PCT

21 MONTHS

2502

4.75

101.18

4.06

6 MONTHS 3.30 PCT 24 MONTHS 2505

3.75

99.18

4.23

12 MONTHS 3.59 PCT

TOTAL TURNOVER OF BILLS AND BONDS 17,344 MN

-

CLOSED 1 JUNE 1993