BMA-PGBI Closing Bell

Yields on the BMA-PGBI increased by 1.5 bps and its value increased by 0.02% to close at 99.3065. The yield to maturities for the short and long tenors remained stable. The medium tenors saw a 1 basis point increase in yields, but only amongst the 6 - 7 year segment. The interest rate return more than negated the increase in yields in the medium tenors, and this led to the increase in value of the BMA-PGBI.

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Index Statistics                 1-Nov-05     31-Oct-05       Change

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BMA-PGBI          (Index Value)  99.3065  99.2909   0.0155   (0.02%)

Principal Return  (Index Value)  83.7463  83.7523  -0.0060  (-0.01%)

Interest Return    %               18.58%   18.55%  0.0003   (0.15%)

Average Coupon     %             10.5795  10.4571   0.1224   (1.17%)

Average Maturity   %              5.9670   5.8351   0.1319   (2.26%)

Average Yield      %              9.2658   9.2509   0.0149   (0.16%)

Average Duration         Value    4.1888   4.1030   0.0859   (2.09%)

Average Convexity        Value   27.2562  26.5644   0.6918   (2.60%)

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