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: 5.87%

California index: 5.78%

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Five Widely Held California Bonds:

Issue: Calif. general-obligation 10-yr

Coupon: (generic)

Yield April 25: 5.30%

Yield Friday: 5.15%

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Issue: Calif. general-obligation 20-yr

Coupon: (generic)

Yield April 25: 5.83%

Yield Friday: 5.72

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Issue: Los Angeles MTA (insured)

Coupon: 5.50%

Maturity: 7/1/17

Yield April 25: 5.86

Yield Friday: 5.73

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Issue: Calif. public works lease rev.

Coupon: 6.00

Maturity: 10/1/14

Yield April 25: 5.92

Yield Friday: 5.85

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Issue: San Fran. airport (insured)

Coupon: 5.65

Maturity: 5/1/24

Yield April 25: 5.95

Yield Friday: 5.80

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.