XN000022-1993-07-06 — Page 9

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HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS * * * * *

TUESDAY, JULY 6, 1993

MILLION

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

1,800

+1,000

2,800

NIL

NIL

2,800

TWI 112.6 *-0.1* 6.7.93

EF BILLS

HONG KONG GOVERNMENT EXCHANGE FUND

EF NOTES/HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON PRICE YIELD

1 WEEK

2.90 PCT

14 MONTHS

2408

4.375

100.55 3.90

1 MONTH

3.15 PCT

17 MONTHS

2411

4.625

3 MONTHS

3.27 PCT

20 MONTHS

2502

4.75

100.92

100.83 4.03

4.19

6 MONTHS

3.50 PCT

23 MONTHS

2505

3.75

98.94

4.39

12 MONTHS

3.81 PCT

TOTAL TURNOVER OF BILLS AND BONDS

-

21,559 MN

CLOSED JULY 6, 1993