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