XN000022-1993-12-14 — Page 24

23

TUESDAY, DECEMBER 14, 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

MILLION

5,480

-1,480

4,000

NIL

+880

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER TWI 113.7 +0.1* 14.12.93

4,880

FF 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

2.85 PCT

14 MONTHS 2502

4.75

101.30 3.64

2.97 PCT

17 MONTHS

2505

3.75

99.85

3.90

2.99 PCT

20 MONTHS

2508

4.625

100.89

4.11

6 MONTHS 3.18 PCT

23 MONTHS

2511

4.15

99.77

4.32

12 MONTHS 3.49 PCT 35 MONTHS

TOTAL TURNOVER OF BILLS AND BONDS

3610

4.20

98.61

4.78

—

14,203 MN

CLOSED 14 DECEMBER 1993