XN000022-1994-01-14 — Page 20

19

FRIDAY, JANUARY 14,

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

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER

* *

$ MILLION

1,867

+2,133

4,000

NIL

-1,770

2,230

TWI 127. .5 *+0.0*

14.1.94

EF BILLS

HONG KONG GOVERNMENT EXCHANGE FUND

EF NOTES/HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE COUPON PRICE

YIELD

1 WEEK

2.56 PCT

13 MONTHS

2502

4.75

101.38

3.48

1 MONTH

2.70 PCT

16 MONTHS

2505

3.75

100.14

3.67

3 MONTHS

2.89 PCT

19 MONTHS

2508

4.625

101.22

3.86

6 MONTHS

3.04 PCT

22 MONTHS

2511

4.15

100.24

4.05

12 MONTHS

3.34 PCT

33 MONTHS

3610

4.20

99.26

4.53

TOTAL TURNOVER OF BILLS AND BONDS

-

36,014 -MN

CLOSED 14 JANUARY 1994