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California Municipal Bonds

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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: Nov. is 5.42%

California index: Nov. is 5.35%

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Five Widely Held California Bonds:

Issue: Calif. general-obligation 10-yr (generic)

Yield: Oct 13 - 4.60% and Friday - 4.70%

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Calif. general-obligation 20-yr (generic)

Yield: Oct 13 - 5.30% and Friday - 5.33%

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Los Angeles MTA (insured)

Coupon: 5.50%

Maturity: 7/1/17

Yield: Oct 13 - 5.42% and Friday - 5.40%

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Calif. public works lease rev.

Coupon: 6.00%

Maturity: 10/1/14

Yield: Oct 13 - 5.17% and Friday - 5.17%

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San Fran. airport (insured)

Coupon: 5.65%

Maturity: 5/1/24

Yield: Oct 13 - 5.40% and Friday - 5.35%

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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.

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