XN000022-1994-03-08 — Page 20

19

TUESDAY, MARCH 8, 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

MILLION

2,980

+20

3,000

NIL

-1,164

1,836

TWI 125.7 -0.1#

8.3.94

HONG KONG GOVERNMENT EXCHANGE FUND

EF NOTES/HONG KONG GOVERNMENT BONDS

EF BILLS

TERMS

YIELD

TERM

ISSUE COUPON PRICE

YIELD

1 WEEK

3.42 PCT

18 MONTHS

2508

4.625

99.91

4.74

1 MONTH

3.53 PCT

21 MONTHS

2511

4.15

98.81

4.94

3 MONTHS

3.67 PCT

24 MONTHS

2602

4.40

98.81

5.11

6 MONTHS

3.87 PCT

32 MONTHS

3610

4.20

97.09

5.47

12 MONTHS 4.33 PCT

35 MONTHS

3701

4.60

97.60

5.58

TOTAL TURNOVER OF BILLS AND BONDS

-

14,464 MN

CLOSED 8 MARCH, 1994