Yields on the BMA-PGBI decreased by approximately 3 bps and its value increased by 0.11% to close at 98.6242. Once again the fixed income securities witnessed volatility, especially within the short to medium tenors.
Yields decreased by approximately 2 - 3 basis point in the short tenors while they decreased by 3 - 5 basis points in the medium tenors.
Yields remained relatively stable among the long tenors, except for the 9 - 10 year segment which saw a 2 basis point decline.
This decrease in yields coupled with interest rate return, led to the increase in value of the BMA-PGBI.
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Index Statistics 03-Oct-05 02-Oct-05 Change
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Principal Return (Index Value) 83.6330 83.5354 0.0976 (0.12%)
Interest Return % 17.93% 17.93% -0.0001 (-0.05%)
Average Coupon % 10.4559 10.4559 0.0000 (0.00%)
Average Maturity % 5.9068 5.9090 -0.0022 (-0.04%)
Average Yield % 9.3001 9.3277 -0.0277 (-0.30%)
Average Duration Value 4.0834 4.0839 -0.0005 (-0.01%)
Average Convexity Value 27.9368 27.9160 0.0208 (0.07%)
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