Yields on the BMA-PGBI increased by 1.2 pps and its value increased by 0.02% to close at 99.3073. The yield to maturities for the short tenors increased by 1 basis point, while the medium tenors remained stable. The long tenors saw a 3 basis points increase in yields, but only amongst the 10-15 year segment. This increase in yields was more than negated by the interest rate return, which thus led to the increase in value of the BMA-PGBI.

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Index Statistics                26-Oct-05     25-Oct-05       Change

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BMA-PGBI          (Index Value)  99.3073  99.2919   0.0153   (0.02%)

Principal Return  (Index Value)  83.8816  83.8869  -0.0053  (-0.01%)

Interest Return    %               18.39%   18.36%  0.0003   (0.14%)

Average Coupon     %             10.4543  10.4543   0.0001   (0.00%)

Average Maturity   %              5.8537   5.8565  -0.0027  (-0.05%)

Average Yield      %              9.2389   9.2377   0.0012   (0.01%)

Average Duration         Value    4.0848   4.0875  -0.0027  (-0.07%)

Average Convexity        Value   27.2618  27.2628  -0.0010   (0.00%)

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Copyright Business Recorder, 2005