XN000022-1993-11-02 — Page 10

TUESDAY, NOVEMBER 2, 1993

9

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

* * * * *

$ MILLION

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

2,880

+120

3,000

NIL

-110

2,890

TWI 113.4 *+0.1%

2.11.93

HONG KONG GOVERNMENT EXCHANGE FUND

EF NOTES/HONG KONG GOVERNMENT BONDS

EF BILLS

TERMS

YIELD

TERM

ISSUE COUPON PRICE

YIELD

1 WEEK

1 MONTH

2.79 PCT

13 MONTHS

2411

4.625 101.42

3.25

2.75 PCT

16 MONTHS

2502

4.75

101.68

3.43

3 MONTHS

2.74 PCT

19 MONTHS

2505

3.75

100.07

3.74

6 MONTHS

2.89 PCT

22 MONTHS

2508

4.625

101.39

3.85

12 MONTHS

3.20 PCT

36 MONTHS

3610

4.20

99.56

4.41

TOTAL TURNOVER OF BILLS AND BONDS

—

19,252 MN

CLOSED 2 NOVEMBER 1993