XN000022-1993-09-07 — Page 13

12

TUESDAY, SEPTEMBER 7, 1993

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

*

* *

OPENING BALANCE IN THE ACCOUNT

$ MILLION

2,000

NIL

2,000

NIL

+200

2,200

7.9.93

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 112.0 *+0.0*

HONG KONG GOVERNMENT EXCHANGE FUND

EF NOTES/HONG KONG GOVERNMENT BONDS

EF BILLS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE YIELD

1 WEEK

3.01 PCT

14 MONTHS

2411

4.625

101.47 3.38

1 MONTH

2.90 PCT

17 MONTHS

2502

4.75

101.68 3.57

3 MONTHS

2.87 PCT

20 MONTHS

2505

4.75

98.98 3.80

6 MONTIIS

3.00 PCT

23 MONTHS

2508

4.625

101.40

3.91

12 MONTHS

3.26 PCT

TOTAL TURNOVER OF BILLS AND BONDS

—

14,157 MN

CLOSED SEPTEMBER 7, 1993