XN000022-1993-06-08 — Page 20

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TUESDAY, JUNE 8, 1993

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

*

MILLION

OPENING BALANCE IN THE ACCOUNT

1,320

REVERSAL OF LAF

+1,480

BALANCE AFTER REVERSAL OF LAF

2,800

NET INJECTION/WITHDRAWAL TODAY

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER

NIL

-1,985

815

TWI 111.9

*-0.1*

8.6.93

HONG KONG GOVERNMENT EXCHANGE FUND

EF NOTES/HONG KONG GOVERNMENT BONDS

EF BILLS

TERMS

YIELD

TERM

ISSUE

COUPON PRICE YIELD

1 WEEK

2.35 PCT

15 MONTHS

2408

4.375

100.69 3.81

1 MONTH

2.69 PCT

18 MONTHS

2411

4.625

100.94 3.98

3 MONTHS

3.03 PCT

21 MONTHS

2502

4.75

100.96 4.20

6 MONTHS

3.34 PCT

24 MONTHS

2505

3.75

98.96

4.36

12 MONTHS 3.62 PCT

TOTAL TURNOVER OF BILLS AND BONDS

14,073 MN

CLOSED JUNE 8, 1993