XN000022-1993-09-13 — Page 17

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MONDAY, SEPTEMBER 13, 1993

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 112.1 *+0.1* 13.9.93

$ MILLION

1,010

+990

2,000

NIL

NIL

2,000

EF BILLS

HONG KONG GOVERNMENT EXCHANGE FUND

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

1 WEEK

2.94 PCT

14 MONTHS 2411

4.625

YIELD

101.51 3.33

1 MONTH

3 MONTHS

6 MONTHS 2.97 PCT

2.87 PCT

2.86 PCT

17 MONTHS

2502

4.75

101.75 3.51

20 MONTHS 2505

3.75

100.10 3.72

23 MONTHS 2508

4.625

101.52

3.83

12 MONTHS 3.23 PCT

TOTAL TURNOVER OF BILLS AND BONDS

-

9,961MN

CLOSED 13 SEPTEMBER 1993