California Municipal Bonds

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

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Bond Buyer 40-bond index: Friday, 5.25%

California index: 5.12%

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Five Widely Held California Bonds:

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Issue Coupon Maturity Yield May 29 Calif. general-obligation 10-yr. (generic) 4.50% Calif. general-obligation 20-yr. (generic) 5.15 San Joaquin toll road 5.375% 1/15/29 5.20 Calif. public works lease rev. 6.00 10/1/14 4.70 San Fran. airport (insured) 5.65 5/1/24 5.05

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Issue Coupon Maturity Yield Friday Calif. general-obligation 10-yr. (generic) 4.50% Calif. general-obligation 20-yr. (generic) 5.15 San Joaquin toll road 5.375% 1/15/29 5.20 Calif. public works lease rev. 6.00 10/1/14 4.70 San Fran. airport (insured) 5.65 5/1/24 5.02

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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.