Yields on the BMA-PGBI increased by 1 basis points and its value decreased by 0.02% to close at 97.86. As expected, the Central Bank announced its commitment to contain inflation by raising interest rates through its monetary policy statement for period of July-December 2005. Hence, the market was stable and very little activity was witnessed in the fixed income securities.
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Index Statistics 22-July-05 21-July-05 Change
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BMA-PGBI (Index Value) 97.8635 97.8790 -0.0155 (-0.02%)
Principal Return (Index Value) 84.4215 84.4613 -0.0399 (-0.05%)
Interest Return % 15.92% 15.89% 0.0004 (0.23%)
Average Coupon % 10.4830 10.4824 0.0006 (0.01%)
Average Maturity % 6.0525 6.0557 -0.0031 (-0.05%)
Average Yield % 9.0981 9.0875 0.0106 (0.12%)
Average Duration Value 4.2075 4.2110 -0.0036 (-0.08%)
Average Convexity Value 28.4397 28.4503 -0.0107 (-0.04%)
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