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: 5.45%

California index: 5.30%

Five Widely Held California Bonds:

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Yield Issue Coupon Maturity July 25 Friday Calif. general-obligation 10-yr (generic) 4.50% 4.55% Calif. general-obligation 20-yr (generic) 5.22 5.25 Los Angeles MTA (insured) 5.50% 7/1/17 5.35 5.37 Calif. public works lease rev. 6.00 10/1/14 5.15 5.15 San Fran. airport (insured) 5.65 5/1/24 5.33 5.37

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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.