Yields on the BMA-PGBI decreased by approximately 3 bps and its value increased by 0.11% to close at 98.6242. Once again the fixed income securities witnessed volatility, especially within the short to medium tenors.
Yields decreased by approximately 2 - 3 basis point in the short tenors while they decreased by 3 - 5 basis points in the medium tenors.
Yields remained relatively stable among the long tenors, except for the 9 - 10 year segment which saw a 2 basis point decline.
This decrease in yields coupled with interest rate return, led to the increase in value of the BMA-PGBI.

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Index Statistics                03-Oct-05     02-Oct-05       Change
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Principal Return  (Index Value)  83.6330  83.5354   0.0976   (0.12%)
Interest Return    %               17.93%   17.93% -0.0001  (-0.05%)
Average Coupon     %             10.4559  10.4559   0.0000   (0.00%)
Average Maturity   %              5.9068   5.9090  -0.0022  (-0.04%)
Average Yield      %              9.3001   9.3277  -0.0277  (-0.30%)
Average Duration         Value    4.0834   4.0839  -0.0005  (-0.01%)
Average Convexity        Value   27.9368  27.9160   0.0208   (0.07%)
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