The BMA-PGBI witnessed a slight decline and its value increased by 0.03% to close at 98.0602. The 8 to 20 years segment of the yield curve witnessed buying interest and its yield decreased by approximately 2 basis points.

====================================================================
Index Statistics               10-Aug-05      9-Aug-05        Change
====================================================================
BMA-PGBI          (Index Value)  98.0602  98.0332   0.0270   (0.03%)
Principal Return  (Index Value)  84.2152  84.2075   0.0077   (0.01%)
Interest Return    %               16.44%   16.42%  0.0002   (0.13%)
Average Coupon     %             10.4773  10.4775  -0.0002   (0.00%)
Average Maturity   %              6.0110   6.0131  -0.0021  (-0.04%)
Average Yield      %              9.1428   9.1436  -0.0008  (-0.01%)
Average Duration         Value    4.1620   4.1641  -0.0021  (-0.05%)
Average Convexity        Value   28.4355  28.4268   0.0087   (0.03%)
====================================================================