XN000022-1993-06-22 — Page 19

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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

TUESDAY, JUNE 22, 1993

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER TWI 113.1 +0.1* 22.6.93

$ MILLION

5,050

-2,250

2,800

NIL

-160

2,640

EF BILLS

HONG KONG GOVERNMENT EXCHANGE FUND

EF NOTES/HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

3.07 PCT

14 MONTHS 2408

4.375

1 MONTH

3.17 PCT

17 MONTHS 2411

4.625

100.60

100.46 4.00

4.22

3 MONTHS

6 MONTHS 3.46 PCT

12 MONTHS 3.79 PCT

3.22 PCT

20 MONTHS 2502

4.75

100.55 4.45

23 MONTHS 2505

3.75

98.50

4.63

TOTAL TURNOVER OF BILLS AND BONDS

28,435 MN

CLOSED 22 JUNE 1993

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