XN000022-1994-01-27 — Page 15

THURSDAY, JANUARY 27, 1994

14

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS * * * *

OPENING BALANCE IN THE ACCOUNT

$ MILLION

3,150

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

+850

4,000

NIL

-510

3,490

TWI 127.0 *+0.0* 27.1.94

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

EF NOTES/HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUR

COUPON PRICE

YIELD

1 WEEK

2.86

16 MONTHS

2505

3.75

100.18

3.64

1 MONTH

2.88

19 MONTHS

2508

4.265

101.23

3.84

3 MONTHS

2.97

22 MONTHS

2511

4.15

100.23

4.06

6 MONTHS

3.09

33 MONTHS

3610

4.20

99.24

4.55

12 MONTHS

3.42

36 MONTHS

3701

4.60

100.07

4.63

TOTAL TURNOVER OF BILLS AND BONDS

9,162 MN

CLOSED 27 JANUARY 1994