XN000022-1993-07-20 — Page 27

TUESDAY, JULY 20, 1993

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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

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER TWI 112.7 +0.1✶ 20.7. 93

$ MILLION

2.198

+602

2,800

-800

-115

1,885

EF BILLS

HONG KONG GOVERNMENT EXCHANGE FUND

EF NOTES/HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

2.46 POT

13 MONTHS 2408

1.375

100.58

3.85

1 MONTH

3 MONTHS

2.76 POT

16 MONTHS

2111

4.625

100.82

4.02

3.19 PCT

19 MONTHS

2502

4.75

100.85

4.23

6 MONTHS 3.43 POT

12 MONTHS 3.75 POT

22 MONTHS

2505

3.75

98.87

1.45

TOTAL TURNOVER OF BELLS AND BONDS. 15,916 MN

CLOSED 20 JULY 1993

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