BMA-PGBI Closing Bell

Yields on the BMA-PGBI decreased by 5pps and its value increased by 0.03% to close at 98.9934. The yields to maturities were stable among the long tenors, while the short and medium tenors both saw a 1 basis point decline. This decline in yields, coupled with interest rate return, led to the increase in value of the BMA-PGBI.

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Index Statistics                17-Oct-05     16-Oct-05       Change

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BMA-PGBI          (Index Value)  98.9934  98.9589   0.0344   (0.03%)

Principal Return  (Index Value)  83.7325  83.7164   0.0161   (0.02%)

Interest Return    %               18.23%   18.21%  0.0002   (0.10%)

Average Coupon     %             10.4548  10.4548   0.0001   (0.00%)

Average Maturity   %              5.8697   5.8723  -0.0026  (-0.04%)

Average Yield      %              9.2691   9.2740  -0.0049  (-0.05%)

Average Duration         Value    4.0736   4.0759  -0.0022  (-0.06%)

Average Convexity        Value   27.4953  27.4917   0.0036   (0.01%)

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