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: Friday: 5.26%

California index: 5.16%

Five Widely Held California Bonds:

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Yield Yield Issue Coupon Maturity May 15 Friday Calif. general-obligation 10-yr. (generic) (generic) 4.60% 4.55% Calif. general-obligation 20-yr. (generic) (generic) 5.19 5.16 San Joaquin Toll 5.375% 1/15/29 5.32 5.23 Calif. public works lease rev. 6.00 10/1/14 4.75 4.72 San Fran. airport (insured) 5.65 5/1/24 5.15 5.10

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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.