BMA-PGBI Closing Bell

Yields on the BMA-PGBI remained stable and its value increased by 0.02% to close at 99.4265. The yield to maturities for the short and long tenors decreased by 1 basis point, while the medium tenors saw an increase in yield by 1 basis point. The decline in short and long term yields, coupled with interest rate return, more than negated the increase in medium term yields and thus led to the increase in value of the BMA-PGBI.

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Index Statistics                07-Nov-05     06-Nov-05       Change

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BMA-PGBI          (Index Value)  99.4265  99.4040   0.0225   (0.02%)

Principal Return  (Index Value)  83.7452  83.7426   0.0026   (0.00%)

Interest Return    %               18.72%   18.70%  0.0002   (0.12%)

Average Coupon     %             10.5791  10.5792  -0.0001   (0.00%)

Average Maturity   %              5.9511   5.9537  -0.0026  (-0.04%)

Average Yield      %              9.2645   9.2655  -0.0009  (-0.01%)

Average Duration         Value    4.1736   4.1760  -0.0025  (-0.06%)

Average Convexity        Value   27.2637  27.2615   0.0022   (0.01%)

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