XN000022-1994-01-07 — Page 18

17

FRIDAY, JANUARY 7, 1994

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

3,475

+525

4,000

NIL

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER TWI 127.6 *+0.0* 7.1.94

-2,349

1,651

EF BILLS

HONG KONG GOVERNMENT EXCHANGE FUND

EF NOTES/HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

2.38 PCT

14 MONTHS

2502

4.75

101.26

3.61

1 MONTH

2.84 PCT

17 MONTHS

2505

3.75

99.93

3.84

3 MONTHS

3.03 PCT

20 MONTHS

2508

4.625

100.98

4.03

6 MONTHS

3.20 PCT

23 MONTHS

2511

4.15

99.95

4.22

12 MONTHS 3.53 PCT

34 MONTHS

3610

4.20

98.89

4.68

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 7 JANUARY 1994

—

18,882 MN

O