XN000022-1994-03-10 — Page 23

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THURSDAY, MARCH 10, 1994

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

OPENING BALANCE IN THE ACCOUNT

$ MILLION

1,389

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

+1,611

3,000

NIL

-1,261

TWI 125.6

1,739

*-0.1* 10.3.94

HONG KONG GOVERNMENT EXCHANGE FUND

EF NOTES/HONG KONG GOVERNMENT BONDS

EF BILLS

TERMS

YIELD

TERM

ISSUE COUPON PRICE

YIELD

1 WEEK

3.47

18 MONTHS

2508

4.625

99.84

4.80

1 MONTH

3.58

21 MONTHS

2511

4.15

98.74

4.99

3 MONTHS

3.72

24 MONTHS

2602

4.40

98.73

5.16

6 MONTHS

3.93

32 MONTHS

3610

4.20

97.01

5.51

12 MONTHS

4.39

35 MONTHS

3701

4.60

97.51

5.62

TOTAL TURNOVER OF BILLS AND BONDS 13,492 MN

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CLOSED 10 MARCH 1994

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