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: Friday: 5.18%
California index: 5.04%
Five Widely Held California Bonds:
Yield Issue Coupon Maturity June 5 Friday Calif. general-obligation 10-yr. (generic) 4.50% 4.40% Calif. general-obligation 20-yr. (generic) 5.15 5.10 San Joaquin toll road 5.375% 1/15/29 5.20 5.14 Calif. public works lease rev. 6.00 10/1/14 4.70 4.55 San Fran. airport (insured) 5.65 5/1/24 5.02 4.95
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.