Yields on the BMA-PGBI remained stable and its value increased by 0.02% to close at 99.3277. The yield to maturities for the short and medium tenors remained stable. The long tenors saw a 3 basis point decrease in yields, but only amongst the 15 - 20 year segment. The decline in long term yields, coupled with interest rate return led to the increase in value of the BMA-PGBI.

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Index Statistics                 2-Nov-05      1-Oct-05       Change

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BMA-PGBI          (Index Value)  99.3277  99.3065   0.0213   (0.02%)

Principal Return  (Index Value)  83.7476  83.7463   0.0012   (0.00%)

Interest Return    %               18.60%   18.58%  0.0002   (0.13%)

Average Coupon     %             10.5794  10.5795  -0.0001   (0.00%)

Average Maturity   %              5.9646   5.9670  -0.0024  (-0.04%)

Average Yield      %              9.2655   9.2658  -0.0003   (0.00%)

Average Duration         Value    4.1864   4.1888  -0.0024  (-0.06%)

Average Convexity        Value   27.2607  27.2562   0.0045   (0.02%)

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Copyright Business Recorder, 2005