
                       02/28/94     CURRENCIES

 CURRENCY  NOON    MONDAY     FRIDAY  THE DOLLAR ON FOREIGN EXCHANGE MON: OPEN
 BRITISH POUND   $1.4885   $1.4900    FRANKFURT     1.7120  +0.0050
 CANADIAN $      $.7402    $.7401     ZURICH        1.4270  +0.0020
 DUTCH GUILDER   $.5205    $.5209     LONDON:      $1.4844 -$0.0036
 FRENCH FRANC    $.1720    $.1722     TOKYO CLOSE  104.30   -0.61
 GERMAN MARK     $.5848    $.5851     NY CLOSE        FRI      THU
 ITALIAN LIRA    $.000592  $.000593   AUSTRALIAN $  $0.7195  $0.7245
 JAPANESE YEN    $.009601  $.009551   MEXICAN PESO  $0.3209  $0.3209
 SWISS FRANC     $.7012    $.7009     N. ZEALAND $  $0.5780  $0.5787
(MktNews) After a dip down to test support around DM1.70, the dollar  regained
some  strength  and  drifted  higher  against both the deutschemark and yen in
light month-end trading Monday afternoon.
     Most market  players  had  their  eyes  on  Tuesday's  revision  to  U.S.
fourth-quarter  gross  domestic  product, which is forecast at 6.8%-7.0% -- up
from the initial 5.9%. With players on hold ahead  of  the  data,  the  dollar
should  keep  to  the  day's  ranges of DM1.6990-DM1.7153 and Y103.94-Y104.70,
traders said.
     The dollar was quoted at DM1.7032 and Y104.50 at 2 p.m.  CST  compared
with DM1.7040 and Y104.05 at 11:30 a.m. and DM1.7130 and Y104.31 at 6:30 a.m.
     Several  dealers  were  puzzled  by the dollar's decline Monday despite a
number of dollar-bullish factors.

                02/28/94  BOND YIELDS/INTEREST RATES

TREASURIES  DISCOUNT  CHG YIELD       AGENCIES  COUPON  PRICE      T-AUCTION
 3 MO T-BILLS  3.36  -.01  3.43       30 YR GNMA  6.00  94:16       RESULTS
 6 MO T-BILLS  3.58  -.02  3.69       30 YR GNMA  7.00 100:10   DISCOUNT/YIELD
 1 YR T-BILLS  3.83  -.02  3.99       30 YR GNMA  8.00 105:01   3 MO  3.40/ 3.48
NOTES & BONDS     PRICE CHG32 YIELD   30 YR GNMA  9.50 108:05   6 MO  3.61/ 3.73
 1 YR 3-7/8 02/95  99:24   +1  4.13  3M FFCB 3.030  5/94  99:29 1 YR  3.59/ 3.74
 2 YR 4-5/8 02/96  99:29   +3  4.67  6M FFCB 3.260  8/94  99:25 2 YR        4.66
 3 YR 4-3/4 02/97  99:09   +5  5.01  1Y FFCB 3.530  2/95  99:17 5 YR        5.61
 5 YR 5-1/2 02/99  99:22  +10  5.58  2Y FHLB 4.750 11/94 100:07
 7 YR 5-1/2 04/00  98:26  +12  5.73  3Y FHLB 5.375 11/95 101:01   NEXT TREASURY
10 YR 5-7/8 02/04  98:03  +16  6.13  5Y FHLM 5.180 11/98  97:18     AUCTIONS
30 YR 6-1/4 08/23  94:23  +24  6.66 10Y FHLM 6.550  4/03  98:24  3 MO  03/07/94
15:07  0/N  30 DAY  60    90   180   5Y FNMA 5.300 12/98  97:29  6 MO  03/07/94
CD           3.52  3.61  3.68  3.93  7Y FNMA 6.100  2/00 101:01  1 YR  03/03/94
COMM PAPER   3.51  3.63  3.71  3.90 10Y FNMA 5.800 12/03  95:31  2 YR  03/22/94
BANK ACCEP   3.46  3.54  3.61  3.81 30Y RFC  8.625  1/21 120:01  3 YR  08/  /94
LIBOR  3.44  3.56  3.69  3.75  4.00  FED FUNDS          15:07    5 YR  03/23/94
TREASURY WHEN-ISSUED          15:07        LATEST  3.500         7 YR
 3MO  3.395  6MO  3.610  1YR  3.905   HIGH  3.500 LOW   3.438   10 YR  08/  /94
                                     PRIME  6.000 DISC  3.000   30 YR  08/  /94
