XN000022-1993-07-23 — Page 31

29

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

FRIDAY, JULY 23, 1993

$ MILLION

OPENING BALANCE IN THE ACCOUNT

1,510

REVERSAL OF LAF

+490

BALANCE AFTER REVERSAL OF LAF

2,000

NET INJECTION/WITHDRAWAL TODAY

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER

NIL

-20

1,980

TWI 112.5

*-0.1*

23.7.93

EF BILLS

HONG KONG GOVERNMENT EXCHANGE FUND

EF NOTES/HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON PRICE YIELD

1 WEEK

1 MONTH

2.32 PCT

13 MONTHS

2408

4.375

100.60 3.83

2.60 PCT

16 MONTHS

2411

4.625

100.76 4.06

3 MONTHS

3.15 PCT

19 MONTHS

2502

4.75

100.76 4.28

6 MONTHS

3.45 PCT

22 MONTHS

2505

3.75

98.74

4.53

12 MONTHS

3.80 PCT

TOTAL TURNOVER OF BILLS AND BONDS

24,545 MN

CLOSED JULY 23, 1993

0

-