Yields on the BMA-PGBI remained stable and its value increased by 0.02% to close at 99.2909. The yield to maturities for the short and medium tenors remained stable. The long tenors saw a 1 basis point increase in yields, but only amongst the 15 - 20 year segment. The interest rate return more than negated the increase in yields in the long tenors, and thus led to the increase in value of the BMA-PGBI.

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Index Statistics                31-Oct-05     30-Oct-05       Change

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BMA-PGBI          (Index Value)  99.2909  99.2726   0.0184   (0.02%)

Principal Return  (Index Value)  83.7523  83.7542  -0.0019   (0.00%)

Interest Return    %               18.55%   18.53%  0.0002   (0.13%)

Average Coupon     %             10.4571  10.4571   0.0000   (0.00%)

Average Maturity   %              5.8351   5.8379  -0.0028  (-0.05%)

Average Yield      %              9.2509   9.2508   0.0001   (0.00%)

Average Duration         Value    4.1030   4.1056  -0.0027  (-0.07%)

Average Convexity        Value   26.5644  26.5656  -0.0012   (0.00%)

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Copyright Business Recorder, 2005