XN000022-1994-02-23 — Page 8

WEDNESDAY, FEBRUARY 23, 1994

7

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

OPENING BALANCE IN THE ACCOUNT

$ MILLION

1,300

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

+1,700

3,000

NIL

-1,170

1,830

TWI 125.8 *-0.2*

23.2.94

HONG KONG GOVERNMENT EXCHANGE FUND

EF NOTES/HONG KONG GOVERNMENT BONDS

EF BILLS

TERMS

YIELD

TERM

ISSUE COUPON PRICE

YIELD

1 WEEK

2.88

18 MONTHS

2508

4.625 100.57

4.27

1 MONTH

3.01

21 MONTHS

2511

4.15

99.55

4.47

3 MONTHS

3.23

24 MONTHS

2602

4.40

99.62

4.66

6 MONTHS

3.41

32 MONTHS

3610

4.20

98.23

4.97

12 MONTHS

3.87

35 MONTHS

3701

4.60

98.92

5.06

-

25,282 MN

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 23 FEBRUARY 1994