XN000022-1993-09-01 — Page 12

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WEDNESDAY, SEPTEMBER 1. 1993

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS * * * * *

OPENING BALANCE IN THE ACCOUNT

$ MILLION

2,200

-200

2,000

NIL

+180

2,180

1.9.93

REVERSAL OF LAP

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 112.5 *+0.2*

EF BILLS

HONG KONG GOVERNMENT EXCHANGE FUND

EF NOTES/HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON PRICE YIELD

1 WEEK

2.75 PCT

14 MONTHS

2411

4.625

101.45 3.41

1 MONTH

2.78 PCT

17 MONTHS

2502

4.75

101.67

3.59

3 MONTHS

2.82 PCT

20 MONTHS

2505

4.75

99.87 3.86

6 MONTHS

3.03 PCT

23 MONTHS

2508

4.625

101.16

4.04

12 MONTHS

3.27 PCT

TOTAL TURNOVER OF BILLS AND BONDS

12,468 MN

CLOSED SEPTEMBER 1, 1993

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