XN000022-1994-01-20 — Page 11

THURSDAY, JANUARY 20, 1994

F

10

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

1,765

+2,235

4,000

NIL

~2,760

1,240

TWI 127.4 *+0.3* 20.1.94

HONG KONG GOVERNMENT EXCHANGE FUND

EF NOTES/HONG KONG GOVERNMENT BONDS

I

EF BILLS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

2.34

13 MONTHS

2502

4.75

101.39

3.45

1 MONTH

2.60

16 MONTHS

2505

3.75

100.15

3.66

3 MONTHS

2.89

19 MONTHS

2508

4.625

101.23

3.85

6 MONTHS

3.06

22 MONTHS

2511

4.15

100.26

4.04

12 MONTHS

3.37

33 MONTHS

3610

4.20

99.24

4.54

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 20 JANUARY 1994

-

19,637 MN