BMA-PGBI Closing Bell

The BMA-PGBI posted a positive return today. The BMA-PGBI yield was down by approximately 8 bps and the BMA-PGBI was up by 0.30%. Nominal demand was observed in the bond market that kept the yield low, whereas the PKRV short term rates observed a downward trend (average 16 bps) on account of high liquidity.

====================================================================

Index Statistics                31-May-05     30-May-05       Change

====================================================================

BMA-PGBI          (Index Value)  94.7943  94.5096   0.2847   (0.30%)

Principal Return  (Index Value)  82.2151  81.9188   0.2963   (0.36%)

Interest Return    %               15.30%   15.37% -0.0007  (-0.45%)

Average Coupon     %             10.4724  10.4731  -0.0008  (-0.01%)

Average Maturity   %              6.1031   6.1023   0.0007   (0.01%)

Average Yield      %              9.5749   9.6536  -0.0787  (-0.81%)

Average Duration         Value    4.1756   4.1704   0.0052   (0.12%)

Average Convexity        Value   28.2476  28.1615   0.0861   (0.31%)

====================================================================