Bond Market Overview

Tuesday, 27 October 2026

The local sovereign and corporate bond market remains the most active part of the MSE. The diverse nature of the issuers gives the investor plenty of scope to select issues that suit their investment requirements. Liquidity may be tight as bonds of high quality issuers are not always easy to find.

Corporate Bonds (EUR)

Bond	Maturity Date	Volume	Best Bid (EUR)	Best Offer (EUR)	Yield To Maturity (%)	Closing Price (EUR)	Last Trade
3.25% APS 2025-2030	11/19/2030	-	95.00	0.00	4.49%	95.5	27/10/2026
3.25% AXG 2026 SI	12/20/2026	-	100.00	100.30	3.16%	100	27/10/2026
3.5% AXR 2032	02/06/2032	-	93.20	94.00	4.99%	93.2	27/10/2026
3.5% BOV 2030 S1 T1	08/08/2030	30,000	94.00	95.00	4.98%	95	27/10/2026
3.5% BOV 2030 S2 T1	08/08/2030	-	92.30	94.00	5.29%	93.99	27/10/2026
3.5% GO 2031	6/25/2031	10,900	95.50	96.00	4.59%	95.5	27/10/2026
3.5% SFC 2027	9/13/2027	-	99.00	0.00	4.67%	99	27/10/2026
3.65% IHI 2031	12/07/2031	1,400	90.50	93.96	5.98%	90	27/10/2026
3.65% MOF 2028-2031	10/15/2031	-	95.00	96.25	4.81%	95	27/10/2026
3.65% STV 2029	7/29/2029	-	96.01	0.00	5.24%	96.02	27/10/2026
3.75% AXG 2029 S2	12/20/2029	10,000	96.50	99.75	3.83%	99.75	27/10/2026
3.75% BOV 2026-2031	6/15/2031	-	94.00	95.00	5.24%	94	27/10/2026
3.75% BRX 2027	12/01/2027	-	98.25	99.00	5.68%	98.01	27/10/2026
3.75% MCY 2027	3/27/2027	-	97.06	99.00	4.01%	99.86	27/10/2026
3.75% PRC 2026	11/23/2026	-	98.71	99.97	22.24%	98.7	27/10/2026
3.75% TMF 2029	6/27/2029	-	0.00	96.00	5.40%	96	27/10/2026
3.75% TUM 2027	07/10/2027	-	0.00	99.89	3.84%	99.91	27/10/2026
3.75% VRT 2027	11/30/2027	-	97.01	100.00	3.27%	100.5	27/10/2026
3.8% HLF 2029	8/27/2029	-	96.53	98.00	4.57%	98	27/10/2026
3.85% HLF 2028	7/24/2028	-	97.50	98.94	5.70%	97	27/10/2026
3.9% BRW 2027-2031	07/09/2031	10,000	95.64	97.00	4.96%	95.64	27/10/2026
3.9% PZC 2026	9/22/2026	-	0.00	0.00	3.76%	100	03/09/2026
4% CBC 2027-2033	11/10/2033	-	0.00	93.99	5.04%	93.98	27/10/2026
4% CCS 2030	8/19/2030	-	93.06	96.00	4.91%	96.9	27/10/2026
4% EFC 2027	4/28/2027	-	98.50	99.89	3.92%	100	27/10/2026
4% EXF 2028	8/20/2028	-	98.00	98.95	4.61%	98.95	27/10/2026
4% HLF 2027	03/11/2027	-	99.01	99.99	6.61%	99.01	27/10/2026
4% IHI 2026 B	12/20/2026	-	0.00	0.00	9.37%	99.2	27/10/2026
4% LSI 2026-2031	06/02/2031	-	0.00	0.00	4.00%	100	27/10/2026
4% MED 2024-2029 EUR	11/05/2029	-	0.00	0.00	4.00%	100	27/10/2026
4% MPC 2032 S1/22 T1	6/30/2032	-	0.00	98.79	4.92%	95.51	27/10/2026
4% SPF 2029	05/03/2029	-	96.01	97.00	5.30%	97	27/10/2026
4% STV 2027	10/18/2027	-	98.50	99.94	5.08%	99	27/10/2026
4.25% CCM 2024-2026	05/08/2026	-	0.00	0.00	16.69%	99.5	23/04/2026
4.25% CLP 2033	8/25/2033	-	0.00	99.80	4.42%	99	27/10/2026
4.25% CPHCL 2026	04/12/2026	-	0.00	0.00	54.98%	98.01	30/03/2026
4.25% IZI 2029	4/14/2029	-	97.80	100.00	4.24%	100	27/10/2026
4.25% MCY 2031	3/27/2031	-	95.01	97.99	5.42%	95.5	27/10/2026
4.3% MCY 2032	4/25/2032	5,000	94.01	96.96	5.48%	94.5	27/10/2026
4.35% SDF 2027	4/25/2027	20,000	99.00	99.99	6.32%	99	27/10/2026
4.4% CBC 2027 S1/17 T1	07/07/2027	-	0.00	0.00	5.83%	99	27/10/2026
4.5% BNF 2027 - 2032	7/29/2032	-	0.00	97.00	5.06%	97.25	27/10/2026
4.5% END 2029	3/22/2029	-	0.00	97.99	5.40%	98	27/10/2026
4.5% G3 2032	04/06/2032	-	92.00	99.00	5.14%	97	27/10/2026
4.5% GHM 2027	8/23/2027	-	99.21	0.00	5.47%	99.21	27/10/2026
4.5% ONA 2028 - 2034	6/21/2034	-	0.00	96.00	4.85%	97.78	27/10/2026
4.5% SHM 2032	08/01/2032	-	65.00	86.50	9.11%	80	27/10/2026
4.55% STA 2032	02/07/2032	-	97.01	0.00	4.65%	99.5	27/10/2026
4.65% SMF 2031	4/22/2031	-	97.01	98.00	4.90%	99	27/10/2026
4.65% SMF 2032	8/23/2032	-	97.01	99.00	4.95%	98.49	27/10/2026
4.75% BDPH 2025-2027	11/30/2027	12,800	100.00	0.00	4.74%	100	27/10/2026
4.75% DNF 2033	11/19/2033	-	95.50	96.25	5.45%	96	27/10/2026
4.75% GAP 2025-2027	12/22/2027	-	0.00	0.00	4.73%	100	31/08/2026
4.75% GLR 2028	11/30/2028	-	0.00	96.00	6.86%	96	27/10/2026
4.75% KAF 2026-2029	8/23/2029	-	0.00	94.00	7.17%	94	27/10/2026
4.8% MMHF 2026	10/14/2026	-	0.00	0.00	81.69%	97	28/09/2026
4.85% JDC 2032 S1 T1	11/25/2032	-	0.00	99.00	4.85%	100	27/10/2026
4.9% CLS 2032	02/09/2032	-	0.00	0.00	4.89%	100	27/10/2026
5% BLF 2026-2029	02/07/2029	-	0.00	98.50	7.58%	94.75	27/10/2026
5% BOV 2029-2034 S1 T1	11/28/2034	20,000	100.00	100.20	5.00%	100	27/10/2026
5% BSB 2029	6/28/2029	-	99.90	100.00	4.99%	100	27/10/2026
5% CFE 2028-2033	01/06/2033	-	0.00	98.00	5.38%	98	27/10/2026
5% CVS 2026-2029	03/08/2029	-	99.00	100.50	4.99%	100	27/10/2026
5% DZF 2026	10/07/2026	-	0.00	0.00	66.03%	97.1	18/09/2026
5% FES 2029	3/18/2029	-	0.00	97.99	5.68%	98.5	27/10/2026
5% HLF 2029	7/17/2029	21,200	100.00	101.95	4.99%	100	27/10/2026
5% HLF 2033	02/06/2033	5,000	100.50	101.00	4.81%	101	27/10/2026
5% HRZ 2026-2029	3/15/2029	-	0.00	99.99	4.99%	100	27/10/2026
5% IZB 2027 - 2032	9/15/2032	-	93.21	95.00	5.51%	97.49	27/10/2026
5% LLF 2028	7/29/2028	-	0.00	95.90	7.58%	95.89	27/10/2026
5% MDS 2029	12/20/2029	-	100.00	102.00	4.99%	100	27/10/2026
5% MED 2022-2027 EUR	10/13/2027	-	0.00	0.00	5.53%	99.5	13/10/2026
5% MRN 2032	12/16/2032	-	99.00	100.50	4.90%	100.5	27/10/2026
5% VDH 2032	12/16/2032	9,500	0.00	95.00	6.06%	94.7	27/10/2026
5.00% BOV 2030-2035 S1 T1	12/05/2035	10,000	100.00	100.20	5.00%	100	27/10/2026
5.00% BOV 2030-2035 S2 T1	07/07/2035	20,000	100.00	100.50	5.00%	100	27/10/2026
5.10% PLG 2028 -2030	11/19/2030	7,500	100.00	100.25	5.10%	100	27/10/2026
5.10% PLG 2028 -2030 T3	11/19/2030	-	100.00	100.50	5.10%	100	27/10/2026
5.2% HHF 2035	10/28/2035	-	98.01	100.49	5.13%	100.49	27/10/2026
5.2% SDF 2031 S1/T1	2/15/2031	10,000	99.80	100.00	5.19%	100	27/10/2026
5.2% SDF 2031 S1/T2	2/15/2031	-	100.00	100.50	5.19%	100	27/10/2026
5.2% SDF 2031 S1/T3	2/15/2031	-	100.30	0.00	5.11%	100.3	27/10/2026
5.2% TUM 2031-2034	11/22/2034	-	99.01	100.50	5.12%	100.5	27/10/2026
5.2% VBL 2030-2034	10/25/2034	-	0.00	0.00	5.32%	99.25	27/10/2026
5.25% ACM 2028 -2030	8/20/2030	-	0.00	99.99	5.24%	100	27/10/2026
5.25% BBP 2033 S1 T1	04/03/2033	-	98.51	100.00	5.24%	100	27/10/2026
5.25% IHI 2036 S1 T1	7/14/2036	-	100.50	102.50	4.89%	102.7	27/10/2026
5.25% KLF 2027	7/31/2027	-	0.00	100.00	5.18%	100	27/10/2026
5.25% MIH 2027	07/06/2027	-	99.21	100.99	6.51%	99.1	27/10/2026
5.25% QWR 2033	2/27/2033	-	100.50	0.00	5.15%	100.5	27/10/2026
5.3% GTR 2030	07/04/2030	1,000	100.07	100.95	4.69%	102	27/10/2026
5.3% MCY 2034	09/10/2034	-	99.75	100.50	5.22%	100.5	27/10/2026
5.30% IHI 2035	04/01/2035	-	100.50	101.00	5.22%	100.5	27/10/2026
5.35% BDPH 2032	2/21/2032	-	0.00	101.49	5.31%	100.14	27/10/2026
5.35% CPHCL 2035	12/18/2035	6,400	100.00	100.50	5.35%	100	27/10/2026
5.35% DSM 2028	10/28/2028	-	91.00	95.00	11.21%	90	27/10/2026
5.35% ELL 2036	08/04/2036	28,000	100.00	101.38	5.35%	100	27/10/2026
5.35% HMV 2031-2034	7/26/2034	3,500	100.25	0.00	5.31%	100.25	27/10/2026
5.35% JMB 2035	11/07/2035	5,000	97.01	101.99	5.25%	100.7	27/10/2026
5.35% MAR 2029-2031	6/27/2031	20,000	100.00	100.10	5.34%	100	27/10/2026
5.4% AGB 2035 S1 T1	10/10/2035	-	99.50	101.00	5.40%	100	27/10/2026
5.4% BBT 2032-2036	04/09/2036	-	100.01	101.49	5.39%	100.01	27/10/2026
5.4% ECL 2031	12/30/2031	-	98.00	99.99	5.51%	99.5	27/10/2026
5.5% 9HC 2027	6/19/2027	-	0.00	0.00	3.82%	101	27/10/2026
5.5% ACS 2034	10/31/2034	10,800	103.11	103.25	5.00%	103.25	27/10/2026
5.5% AES 2036 S1 T2	10/08/2036	-	99.51	101.39	5.50%	100	27/10/2026
5.5% FTD 2036	2/27/2036	-	100.01	101.89	5.23%	101.89	27/10/2026
5.5% IGF 2024-2027	5/17/2027	-	0.00	0.00	6.34%	99	17/02/2026
5.5% IZI 2036	04/02/2036	-	100.75	100.90	5.39%	100.75	27/10/2026
5.5% JUE 2035	6/27/2035	-	98.01	101.50	5.50%	100	27/10/2026
5.5% QLZ 2030 -2035	7/22/2035	-	100.00	100.50	5.42%	100.5	27/10/2026
5.5% QLZ 2030 -2035 S1 T2	7/22/2035	-	98.01	99.99	5.78%	98.09	10/07/2026
5.5% QLZ 2030 -2035 S1T1	7/22/2035	-	98.03	99.99	5.79%	98.03	10/07/2026
5.5% TST 2029	01/09/2029	-	0.00	97.00	8.06%	95	27/10/2026
5.50% MDS 2031-2036	6/30/2036	-	0.00	103.50	5.29%	101.5	27/10/2026
5.50% TTM 2032	04/02/2032	20,000	99.03	101.79	5.49%	100	27/10/2026
5.6% JDC 2035	5/23/2035	10,000	95.00	100.35	5.55%	100.3	27/10/2026
5.7% AGB 2036 S2T1	6/25/2036	-	100.01	101.99	5.70%	100	27/10/2026
5.7% MRK 2033	08/12/2033	-	90.18	94.99	6.63%	95	27/10/2026
5.70% CBC 2030-2035 S1 T1	12/04/2035	-	0.00	94.00	6.60%	93.99	27/10/2026
5.75% AQC 2027	12/21/2027	2,000	100.50	101.00	4.82%	101	27/10/2026
5.75% BDPH 2027-2029	04/12/2029	-	100.00	102.39	5.51%	100.5	27/10/2026
5.75% CAV 2032 S1T1	5/26/2032	1,200	102.50	103.00	5.11%	103	27/10/2026
5.75% END 2036	8/18/2036	-	100.00	100.74	5.75%	100	27/10/2026
5.75% IGI 2031-2036	02/12/2036	15,200	95.00	96.90	6.25%	96.5	27/10/2026
5.75% PHN 2028-2033	12/30/2033	-	101.00	102.90	5.24%	102.98	27/10/2026
5.75% PLG 2028	11/23/2028	-	0.00	103.65	5.74%	100	27/10/2026
5.75% SMF 2036	10/21/2036	5,000	99.20	101.50	5.55%	101.5	27/10/2026
5.8% AES 2036 S1 T1	03/01/2036	-	101.00	101.97	5.65%	101	27/10/2026
5.8% APS 2028-2033 S1 T1	12/01/2033	-	103.01	105.00	4.94%	105	27/10/2026
5.8% GPH 2032	4/22/2032	-	0.00	101.00	5.79%	100	27/10/2026
5.85% MED 2031-2036 EUR	10/13/2036	30,000	100.15	102.25	5.58%	102	27/10/2026
5.85% AXG 2033	11/07/2033	-	0.00	0.00	5.32%	103.05	27/10/2026
5.85% BGA 2034	5/14/2034	-	102.01	103.98	5.11%	104.5	27/10/2026
5.85% MIH 2028	7/31/2028	-	100.50	101.89	5.53%	100.5	27/10/2026
5.90% CBC 2031-2036 S1 T2	10/07/2036	1,000	0.00	100.00	5.90%	100	27/10/2026
5.90% CBC 2031-2036 S1 T2	10/07/2036	-	101.00	102.98	5.90%	100	13/10/2026
6% IHI 2033	11/14/2033	-	102.51	103.00	5.56%	102.51	27/10/2026
6% JDC 2033 S2 T1	7/19/2033	-	101.00	101.83	5.81%	101	27/10/2026
6% LDB 2030-2035 S1 T1	7/23/2035	-	0.00	101.73	5.85%	101	27/10/2026
6% MUL 2032 S1 T1	4/27/2032	-	0.00	102.00	5.99%	100	27/10/2026
6% PHC 2033	02/03/2033	-	101.00	102.00	5.80%	101	27/10/2026
6.25% AST 2033	6/16/2033	-	101.60	102.89	5.78%	102.49	27/10/2026
6.25% CMF 2034	2/23/2034	-	101.15	102.49	5.82%	102.49	27/10/2026
6.25% GPH 2030	03/10/2030	-	101.00	101.95	5.90%	101	27/10/2026
6.25% TGS 2030 -2032	2/14/2032	-	99.50	100.50	6.24%	100	27/10/2026
6.5% SHM 2028	08/01/2028	-	70.00	99.00	6.79%	99.5	27/10/2026
7.25% HRT 2025-2027	11/28/2027	-	0.00	99.50	7.33%	99.9	27/10/2026

* Where more than one maturity date exists, YTW is calculated on earliest maturity date.

Corporate Bonds (GBP)

Bond	Maturity Date	Volume	Best Bid (GBP)	Best Offer (GBP)	Yield To Maturity (%)	Yield To Worst (%) *	Closing Price (GBP)	Last Trade	Ranking
4% MED 2024-2029 GBP	11/05/2029	-	0.00	0.00	5.28%		96.5	27/10/2026
5% MED 2022-2027 GBP	10/13/2027	-	0.00	0.00	5.00%		100	13/10/2026

* Where more than one maturity date exists, YTW is calculated on earliest maturity date.

Corporate Bonds (USD)

Bond	Maturity Date	Volume	Best Bid (USD)	Best Offer (USD)	Yield To Maturity (%)	Yield To Worst (%) *	Closing Price (USD)	Last Trade	Ranking
6.50% MDS 2031-2036	6/30/2036	-	0.00	105.00	6.14%		102.5	27/10/2026

* Where more than one maturity date exists, YTW is calculated on earliest maturity date.

Government Bonds (EUR)

Bond	Maturity	Volume Traded	Closing Price (Trading)	Central Bank Malta (Closing Bid Price)	Yield To Maturity (%) *
0.25% MGS 2026 (III)	11/18/2026	-	99.75	0.00	4.86%
0.40% MGS 2026 (II)	10/20/2026	-	98.16	0.00	34.65%
0.40% MGS 2027 (IV)	11/19/2027	-	96.72	0.00	3.59%
0.80% MGS 2027 (III)	4/29/2027	-	99.01	0.00	2.81%
0.90% MGS 2027 (V)	08/12/2027	-	97.71	0.00	3.88%
0.90% MGS 2031 (V)	07/11/2031	-	89.39	0.00	3.36%
1.0% MGS 2031 (II)	4/23/2031	-	89.85	0.00	3.46%
1.00% MGS 2035 (II)	8/23/2035	-	77.79	0.00	4.02%
1.20% MGS 2037 (I)	5/13/2037	-	76.61	0.00	3.93%
1.40% MGS 2046 (I)	8/20/2046	-	56.48	55.10	4.84%
1.5% MGS 2027 (I)	6/15/2027	-	99.16	0.00	2.86%
1.50% MGS 2045 (I)	10/22/2045	-	62.72	0.00	4.42%
1.60% MGS 2032 (III)	05/03/2032	-	90.18	90.52	3.58%
1.70% MGS 2028 (IV)	08/04/2028	-	97.70	0.00	3.05%
1.80% MGS 2051 (I)	8/28/2051	18,000	55.61	50.33	4.91%
1.85% MGS 2029 (III)	5/30/2029	200,000	96.18	0.00	3.40%
2.00% MGS 2051 (II)	07/10/2051	-	62.90	0.00	4.50%
2.1% MGS 2039 (I)	8/24/2039	-	76.96	0.00	4.48%
2.10% MGS 2032 (IV)	4/15/2032	-	92.85	93.07	3.55%
2.2% MGS 2035 (I)	11/24/2035	-	85.07	84.66	4.20%
2.3% MGS 2029 (II)	7/24/2029	200,000	97.08	0.00	3.43%
2.4% MGS 2041 (I)	7/25/2041	-	77.00	74.00	4.56%
2.40% MGS 2052 (I)	8/13/2052	-	62.47	60.00	5.01%
2.5% MGS 2036 (I)	11/17/2036	-	84.65	0.00	4.41%
2.55% MGS 2030 (V)	02/06/2030	-	96.77	0.00	3.60%
2.55% MGS 2030 (V) A	02/06/2030	-	99.19	0.00	2.77%
2.55% MGS 2030 (V) r	02/06/2030	-	100.00	0.00	2.55%
2.60% MGS 2028 (V)	5/22/2028	-	99.13	0.00	3.17%
2.60% MGS 2047 (I)	9/27/2047	-	70.42	0.00	4.87%
2.80% MGS 2030 (III)	2/27/2030	-	98.62	0.00	3.24%
2.9% MGS 2032 (VI)	10/24/2032	-	95.00	95.00	3.84%
3% MGS 2040 (I)	06/11/2040	200,000	84.57	0.00	4.53%
3.00% MGS 2030 (IV)	11/05/2030	-	98.47	0.00	3.41%
3.15% MGS 2027 (VII)	5/20/2027	-	100.44	0.00	2.35%
3.25% MGS 2034 (IV)	09/05/2034	-	93.99	0.00	4.15%
3.35% MGS 2029 (V)	11/27/2029	-	99.74	100.00	3.44%
3.4% MGS 2027 (VI)	9/24/2027	-	100.30	0.00	3.06%
3.40% MGS 2035 (IV)	7/16/2035	-	93.88	0.00	4.25%
3.40% MGS 2035 (IV) A	7/16/2035	-	98.24	0.00	3.62%
3.40% MGS 2035 (IV) FI A	7/16/2035	-	98.18	0.00	3.63%
3.40% MGS 2035 (IV) r	7/16/2035	-	100.00	0.00	3.40%
3.40% MGS 2042 (I)	8/26/2042	-	85.81	65.00	4.68%
3.50% MGS 2028 (VI)	07/07/2028	10,000	100.00	0.00	3.50%
3.50% MGS 2034 (III)	7/31/2034	5,000	98.50	0.00	3.72%
3.50% MGS 2035 (III)	12/18/2035	-	93.96	93.96	4.31%
3.50% MGS 2035 (III) A	12/18/2035	-	100.34	0.00	3.46%
3.50% MGS 2035 (III) r	12/18/2035	281,900	101.40	101.40	3.34%
3.7% MGS 2030 (II)	11/25/2030	-	106.09	0.00	2.13%
3.75% MGS 2033 (III)	8/17/2033	-	104.75	0.00	2.97%
3.80% MGS 2036 (III)	04/08/2036	-	96.17	96.20	4.30%
3.80% MGS 2036 (III) A	04/08/2036	-	99.38	0.00	3.88%
3.80% MGS 2036 (III) r	04/08/2036	-	96.28	0.00	4.28%
3.80% MGS 2036 (IV) A	07/08/2036	-	97.05	0.00	4.17%
3.80% MGS 2036 (IV) r	07/08/2036	-	95.48	0.00	4.38%
3.80% MGS 2040 (II)	10/16/2040	-	91.88	92.28	4.59%
3.80% MGS 2040 (II) FI A	10/16/2040	-	100.10	0.00	3.79%
3.80% MGS 2040 (II) FI r	10/16/2040	-	98.00	0.00	3.98%
3.95% MGS 2028 (VII)	08/08/2028	-	101.90	0.00	2.84%
4% MGS 2032 (VII)	3/30/2032	-	100.63	0.00	3.87%
4.00% MGS 2033 (IV)	12/05/2033	-	100.60	100.60	3.90%
4.00% MGS 2038 (I)	8/25/2038	-	99.99	99.00	4.00%
4.00% MGS 2043 (I)	11/26/2043	-	92.75	93.50	4.62%
4.1% MGS 2034 (I)	10/18/2034	-	99.51	100.50	4.17%
4.10% MGS 2041 (II)	11/28/2041	-	94.21	0.00	4.64%
4.10% MGS 2041 (II) A	11/28/2041	-	100.00	99.66	4.10%
4.10% MGS 2041 (II) r	11/28/2041	-	100.00	99.66	4.10%
4.25% MGS 2046 (II)	9/14/2046	-	95.10	95.10	4.63%
4.25% MGS 2046 (II) A	9/14/2046	-	100.00	0.00	4.25%
4.25% MGS 2046 (II) r	9/14/2046	-	100.00	0.00	4.25%
4.3% MGS 2033 (I)	08/01/2033	-	101.59	0.00	4.03%
4.30% MGS 2037 (II) A	3/17/2037	-	98.42	99.06	4.49%
4.30% MGS 2037 (II) r	3/17/2037	83,000	99.29	0.00	4.39%
4.30% MGS 2038 (II)	11/15/2038	-	103.83	0.00	3.90%
4.45% MGS 2032 (II)	09/03/2032	-	103.29	103.50	3.82%
4.5% MGS 2028 (II)	10/25/2028	200,000	102.26	100.00	3.32%
4.50% MGS 2041 (III) A	8/22/2041	-	98.64	99.16	4.63%
4.50% MGS 2041 (III) r	8/22/2041	-	100.00	100.00	4.50%
4.65% MGS 2032 (I)	7/22/2032	-	104.25	104.50	3.82%
4.8% MGS 2028 (I)	09/11/2028	-	102.66	102.00	3.32%
5.1% MGS 2029 (I)	10/01/2029	10,000	104.53	0.00	3.46%
5.2% MGS 2031 (I)	9/16/2031	-	106.27	0.00	3.78%
5.25% MGS 2030 (I)	6/23/2030	113,000	105.72	0.00	3.56%
7% MGS 2026 (I)	12/31/2026	-	155.80	0.00	-67.91%
7% MGS 2032 (V)	12/31/2032	-	100.00	0.00	7.00%
7% MGS 2034 (II)	12/31/2034	-	100.00	100.00	7.00%
7% MGS 2036 (II)	12/31/2036	-	100.00	0.00	7.00%

* Where more than one maturity date exists, YTM is calculated on earliest maturity date.