XN000022-1993-07-19 — Page 12

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HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

* *

MONDAY, JULY 19, 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

1,359

+1,441

2,800

NIL

-602

2,198

TWI 112.6 -0.1* 19.7.93

HONG KONG GOVERNMENT EXCHANGE FUND

EF NOTES/HONG KONG GOVERNMENT BONDS

EF BILLS

TERMS

YIELD

TERM

ISSUE COUPON PRICE

FIELD

1 WEEK

2.37 PCT

13 MONTHS

2408

4.375 100.62

3.82

1 MONTH

2.67 PCT

16 MONTHS

2411

4.625

100.85

4.00

3 MONTHS

3.13 PCT

19 MONTHS

2502

4.75

100.95

4.16

6 MONTHS

3.40 PCT

22 MONTHS

2505

3.75

98.96

4.39

12 MONTHS

3.70 PCT

TOTAL TURNOVER OF BILLS AND BONDS

—

14,415 MN

CLOSED 19 JULY 1993