BMA-PGBI Closing Bell

Four consecutive days of yield decline have resulted in an increase of 0.67% in the BMA-PGBI. Today the BMA-PGBI yield was down by approximately one bps translating to an insignificant increase of 0.06% in the BMA-PGBI to close at 94.4218. No major activity was observed in the bond market today, consequently, the BMA-PGBI did not witness a major change.

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Index Statistics                27-May-05     26-May-05       Change

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BMA-PGBI          (Index Value)  94.4218  94.3647   0.0571   (0.06%)

Principal Return  (Index Value)  81.8872  81.8457   0.0415   (0.05%)

Interest Return    %              15.31%   15.30%   0.0001   (0.07%)

Average Coupon     %             10.4730  10.4729   0.0002   (0.00%)

Average Maturity   %              6.1118   6.1140  -0.0023  (-0.04%)

Average Yield      %              9.6745   9.6865  -0.0120  (-0.12%)

Average Duration         Value    4.1786   4.1802  -0.0016  (-0.04%)

Average Convexity        Value   28.1689  28.1567   0.0122   (0.04%)

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