XN000022-1994-03-11 — Page 27

26

FRIDAY, MARCH 11, 1994

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

*

$ MILLION

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

1,739

+1,261

3.000

NIL

-826

2,174

TW! 125.4 *-0.2* 11.3.94

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

EF NOTES/HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE COUPON PRICE

YIELD

1 WEEK

3.28

18 MONTHS

2508

4.625

99.76

4.86

1 MONTH

3.52

21 MONTHS

2511

4.15

98.65

5.05

3 MONTHS

3.72

24 MONTHS

2602

4.40

98.62

5.22

6 MONTHS

3.96

32 MONTHS

3610

4.20

96.83

5.58

12 MONTHS

4.42

35 MONTHS

3701

4.60

97.34

5.69

TOTAL TURNOVER OF BILLS AND BONDS

-

21.487 MN

CLOSED 11 MARCH 1994

C