Yields on the BMA-PGBI decreased by 1.7 bps and its value increased by 0.08% to close at 99.9861. The yields for the short tenors were stable, while the medium tenor yields declined by 2 - 4 basis points. The long tenors were also stable. The decline in yields, coupled with interest rate return, resulted in the increase in value of the BMA-PGBI.

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Index Statistics                16-Nov-05     15-Nov-05       Change

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BMA-PGBI          (Index Value)  99.9861  99.9045   0.0816   (0.08%)

Principal Return  (Index Value)  84.1713  84.1022   0.0691   (0.08%)

Interest Return    %               18.79%   18.79%  0.0000   (0.00%)

Average Coupon     %             10.5791  10.5792  -0.0001   (0.00%)

Average Maturity   %              5.9292   5.9312  -0.0021  (-0.03%)

Average Yield      %              9.1419   9.1592  -0.0173  (-0.19%)

Average Duration         Value    4.1592   4.1601  -0.0009  (-0.02%)

Average Convexity        Value   27.3554  27.3386   0.0168   (0.06%)

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Copyright Business Recorder, 2005