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: 5.76%

California Index: 5.67%

Five Widely Held California Bonds:

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Yield Issue Coupon Maturity May 9 Friday Calif. genl.-oblig. 10-yr (generic) (generic) 5.05% 4.95% Calif. genl.-oblig. 20-yr (generic) (generic) 5.65 5.57 Los Angeles MTA (insured) 5.50% 7/1/17 5.68 5.63 Calif. public works lease rev. 6.00 10/1/14 5.81 5.70 San Fran. airport (insured) 5.65 5/1/24 5.75 5.68

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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.