XN000022-1993-12-03 — Page 25

FRIDAY, DECEMBER 3, 1993

23

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

1,365

+1,635

3,000

NIL

+965

3,965

TWI 113.9 *+0.1* 3.12.93

HONG KONG GOVERNMENT EXCHANGE FUND

EF NOTES/HONG KONG GOVERNMENT BONDS

EF BILLS

TERMS

YIELD

TERM

ISSUE COUPON PRICE

YIELD

1 WEEK

1 MONTH

2.42 PCT

15 MONTHS

2502

4.75

101.30

3.67

2.86 PCT

18 MONTHS

2505

3.75

99.82

3.92

3 MONTHS

3.02 PCT

21 MONTHS

2508

4.625

100.92

4.10

6 MONTHS

3.19 PCT

24 MONTHS

2511

4.15

99.85

4.27

12 MONTHS

3.55 POT

35 MONTHS

3610

4.20

98.74

4.72

TOTAL TURNOVER OF BILLS AND BONDS

-

16,346 MN

CLOSED 3 DECEMBER 1993