XN000022-1993-07-13 — Page 8

TUESDAY, JULY 13, 1993

7

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

* * *

$ MILLION

OPENING BALANCE IN THE ACCOUNT

REVERSAL OF LAF

BALANCE AFTER REVERSAL OF LAF

NET INJECTION/WITHDRAWAL TODAY

KFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER

2.895

-95

2,800

NIL

-820

1,980

TWI 113.0 -0.1* 13.7.93

FF BILLS

HONG KONG GOVERNMENT EXCHANGE FUND

EF NOTES/HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE COUPON PRICE

YIELD

1 WEEK

1 MONTH

2.76 PCT

13 MONTHS

2408

4.375

100.52

3.92

2.91 PCT

16 MONTHS

2411

4.625

100.76

4.08

3 MONTHS

3.21 PCT

19 MONTHS

2502

4.75

100.86

4.23

6 MONTHS

3.42 PCT

22 MONTHS

2505

3.75

98.91

4.42

12 MONTHS

3.80 PCT

TOTAL TURNOVER OF BILLS AND BONDS

18,350 MN

CLOSED 13 JULY 1993

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