XN000022-1993-09-21 — Page 29

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TUESDAY, SEPTEMBER 21, 1993

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

OPENING BALANCE IN THE ACCOUNT

REVERSAL OF LAF

BALANCE AFTER REVERSL 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* 21.9.93

$ MILLION

1,880

+120

2,000

NIL

-730

1,270

HONG KONG GOVERNMENT EXCHANGE FUND

EF NOTES/HONG KONG GOVERNMENT BONDS

EF BILLS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

2.68 PCT

1 MONTH

3 MONTHS

2.73 PCT

14 MONTHS 2411

17 MONTHS 2502

4.625

101.38

3.42

4.75

101.61

3.59

2.84 PCT

20 MONTHS 2505

3.75

99.94

3.82

6 MONTHS

12 MONTHS 3.28 PCT

3.00 PCT

23 MONTHS 2508

4.625

101.33

3.93

TOTAL TURNOVER OF BILLS AND BONDS 8,706 MN

CLOSED 21 SEPTEMBER 1993