XN000022-1993-11-25 — Page 15

14

THURSDAY, NOVEMBER 25, 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 113.7 *+0.1*

$ MILLION

2,105

+895

3,000

NIL

-120

2,880

25.11.93

HONG KONG GOVERNMENT EXCHANGE FUND

EF NOTES/HONG KONG GOVERNMENT BONDS

EF BILLS

TERMS

YIELD

TERM

ISSUE COUPON PRICE

YIELD

1 WEEK

1 MONTH

3.11 PCT

15 MONTHS

2502

4.75

101.41

3.59

2.97 PCT

18 MONTHS

2505

3.75

99.

87

3.88

3 MONTHS

3.04 PCT

21 MONTHS

2508

4.625

100.95

4.09

6 MONTHS

3.15 PCT

24 MONTHS

2511

4.15

99.87

4.26

12 MONTHS

3.48 PCT

35 MONTHS

3610

4.20

98.80

4.70

TOTAL TURNOVER OF BILLS AND BONDS

-

18,849 MN

CLOSED 25 NOVEMBER 1993