XN000022-1994-01-25 — Page 16

TURSDAY, JANUARY 25, 1994

- 15

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

$ MILLION

3,100

+900

4,000

NIL

-2,209

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER

1,791

TWI 127.3 *-0.2* 25.1.94

HONG KONG GOVERNMENT EXCHANGE FUND

BF BILLS

EF NOTES/HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE COUPON PRICE

YIELD

1 WEEK

2.64

16 MONTHS

2505

3.75

100.20

3.62

1 MONTH

2.77

19 MONTHS

2508

4.265 101.26

3.82

3 MONTHS

2.93

22 MONTHS

2511

4.15

100.25

4.04

6 MONTHS

3.07

33 MONTHS

3610

4.20

99.25

4.54

12 MONTHS

3.35

36 MONTHS

3701

4.60

100.06

4.63

TOTAL TURNOVER OF BILLS AND BONDS

19,158 MN

CLOSED 25 JANUARY 1994

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