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: 5.58

California index: 5.47

Five Widely Held California Bonds:

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Yield Yield Issue Coupon Maturity June 13 Friday Calif. general-obligation 10-yr (generic) (generic) 4.80% 4.75% Calif. general-obligation 20-yr (generic) (generic) 5.42 5.40 Los Angeles MTA (insured) 5.50% 7/1/17 5.51 5.51 Calif. public works lease rev. 6.00 10/1/14 5.50 5.40 San Fran. airport (insured) 5.65 5/1/24 5.55 5.55

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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.