California Municipal Bonds

T. Rowe Price & Associates tracks the yields of 20 California municipal bonds and the Bond Buyer Index of 40 national issues.

Bond Buyer 40-bond Index: 5.75%

California Index: 5/64%

Five Widely Held California Bonds:

Issue: Calif. general-obligation 10-yr

Coupon: (generic)

Maturity: (generic)

Yield: May 16: 4.95%

Yield: Friday: 4.90%

*

Issue: Calif. general-obligation 20-yr

Coupon: (generic)

Maturity: (generic)

Yield: May 16: 5.57%

Yield: Friday: 5.53%

*

Issue: Los Angeles MTA (insured)

Coupon: 5.50%

Maturity: 7/1/17

Yield: May 16: 5.63%

Yield: Friday: 5.61%

*

Issue: Calif. public works lease rev.

Coupon: 6.00

Maturity: 10/1/14

Yield: May 16: 5.70%

Yield: Friday: 5.66%

*

Issue: San Fran. airport (insured)

Coupon: 5.65

Maturity: 5/1/24

Yield: May 16: 5.68%

Yield: Friday: 5.67%

Source: T. Rowe Price & Associates in Baltimore, which manages a $150-million California bond fund

Note: All yields are as of 2 p.m. Friday. Yields are based on institutional trading, retail prices and a survey of California brokers. Yields offered to individual investors will vary.