XN000022-1994-01-28 — Page 25

23

FRIDAY, JANUARY 28, 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 TWI 126.7 -0.3* 28.1.94

•

$ MILLION

3,490

+510

4,000

NIL

+664

4,664

EF BILLS

HONG KONG GOVERNMENT EXCHANGE FUND

EF NOTES/HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

3.77 PCT

1 MONTH

3 MONTHS

6 MONTHS 3.09 PCT

12 MONTHS 3.44 PCT

3.12 PCT

16 MONTHS 2505

19 MONTHS

3.75

100.19 3.63

2508

4.265

101.28

3.80

3.00 PCT

22 MONTHS

2511

4.15

100.31

4.01

33 MONTHS 3610

4.20

99.34

4.51

36 MONTHS 3701

4.60

100.16

4.59

45,514 MN

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 28 JANUARY 1994