XN000022-1993-11-22 — Page 22

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MONDAY, NOVEMBER 22, 1993

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

* * * *

OPENING BALANCE IN THE ACCOUNT

REVERSAL OF LAF

BALANCE AFTER REVERSAL OF LAF

$ MILLION

1,630

+1,370

NET INJECTION/WITHDRAWAL TODAY

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER TWI 113.8 +0.1* 22.11.93

3,000

NIL

-1,415

1,585

EF BILLS

HONG KONG GOVERNMENT EXCHANGE FUND

EF NOTES/HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

1 MONTH

3 MONTHS 2.99 PCT

6 MONTHS 3.15 PCT

2.87 PCT

12 MONTHS 2411

4.625

101.09 3.52

2.89 PCT

15 MONTHS

2502

4.75

101.26

3.73

18 MONTHS 2505

3.75

99.71

3.99

21 MONTHS

2508

4.625

100.81

.4.18

12 MONTHS 3.50 PCT

35 MONTHS

3610

4.20

98.58

4.78

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 22 NOVEMBER 1993

—

23,238 MN

1