XN000022-1993-07-02 — Page 18

17

FRIDAY, JULY 2, 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

$ MILLION

2,660

+150

2,800

NIL

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER TWI 112.4 -0.2* 2.7.93

-1,050

1,750

EF BILLS

HONG KONG GOVERNMENT EXCHANGE FUND

EF NOTES/HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

1 MONTH

3 MONTHS

6 MONTHS 3.54 PCT

12 MONTHS 3.89 PCT

3.64 PCT

14 MONTHS

2408

4.375

100.46 3.99

3.47 PCT

3.38 PCT

17 MONTHS 2411

4.625

100.67

4.16

20 MONTHS 2502

4.75

100.69 4.35

23 MONTHS 2505

3.75

98.69

4.54

TOTAL TURNOVER OF BILLS AND BONDS

—

16,056 MN

CLOSED 2 JULY 1993