XN000022-1994-01-26 — Page 12

-11

WEDNESDAY, JANUARY 26, 1994

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

$MILLION

OPENING BALANCE IN THE ACCOUNT

REVERSAL OF LAF

1,791

+2,209

BALANCE AFTER REVERSAL OF LAF

NET INJECTION/WITHDRAWAL TODAY

EFFECT OF LAF TODAY

4,000

NIL

-850

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER

3,150

TWI 127.0

*-0.31

26.1.94

HONG KONG GOVERNMENT EXCHANGE FUND

EF NOTES/HONG KONG GOVERNMENT BONDS

EF BILLS

TERMS

YIELD

TERM

ISSUE

PRICE COUPON

YIELD

1 WEEK

2.70

16 MONTHS

2505

3.75

100.15

3.66

1 MONTH

2.80

19 MONTHS

2508

4.265

101.22

3.85

3 MONTHS

2.97

22 MONTHS

2511

4.15

100.20

4.07

6 MONTHS

3.08

33 MONTHS

3610

4.20

99.19

4.57

12 MONTHS

3.43

36 MONTHS

3701

4.60

100.05

4.63

TOTAL TURNOVER OF BILLS AND BONDS

30,078 MN

CLOSED 26 JANUARY 1994