XN000022-1994-03-07 — Page 10

LO

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

MONDAY, MARCH 7, 1994

MILLION

OPENING BALANCE IN THE ACCOUNT

1,483

REVERSAL OF LAF

+1,517

BALANCE AFTER REVERSAL OF LAF

3,000

NET INJECTION/WITHDRAWAL TODAY

NIL

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER

-20

2,980

TWI 125.8 *+0.0*

7.3.94

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

EF NOTES/HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE COUPON PRICE

YIELD

1 WEEK

3.43

18 MONTHS

2508

4.625

99.90

4.75

1 MONTH

3.55

21 MONTHS

2511

4.15

98.79

4.95

3 MONTHS

3.68

24 MONTHS

2602

4.40

98.77

5.14

6 MONTHS

3.86

32 MONTHS

3610

4.20

97.09

5.47

12 MONTHS

4.31

35 MONTHS

3701

4.60

97.60

5.58

TOTAL TURNOVER OF BILLS AND BONDS

+

16,700 MN

CLOSED 7 MARCH 1994