UNITED STATES
 SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number:

       811-21037

   

 

BlackRock New York Municipal Bond Trust
(Exact name of registrant as specified in charter)

 

100 Bellevue Parkway, Wilmington, DE
19809
(Address of principal executive offices)
(Zip code)

 

Robert S. Kapito, President
 BlackRock New York Municipal Bond Trust

 40 East 52nd Street, New York, NY 10022
(Name and address of agent for service)

 

Registrant's telephone number, including area code:        888-825-2257
 
Date of fiscal year end: August 31
 
Date of reporting period: November 30, 2004
 
   

 

Item 1. Schedule of Investments.

The registrant's unaudited schedule of investments as of the close of the reporting period pursuant to Rule 30b1-5 under the Investment Company Act of 1940 is as follows:

 

PORTFOLIO OF INVESTMENTS
NOVEMBER 30, 2004 (Unaudited)

BlackRock New York Municipal Bond Trust (BQH)

  Principal        
  Amount   Option Call    
Rating1 (000) 
Description
Provisions2    Value  
 
             
      LONG-TERM INVESTMENTS—155.5%      
        New York—114.6%      
AA   $ 2,000   Dutchess Cnty. Ind. Dev. Agcy., Civic Facs. Rev., Vassar Coll. Proj., 5.35%, 9/01/40 08/11 @ 101   $ 2,094,480  
A   3,000   Met. Transp. Auth., Ded. Tax Fund, Ser. A, 5.125%, 11/15/31 11/12 @ 100   3,043,920  
A+   3,000   New York City, GO, Ser. D, 5.375%, 6/01/32 06/12 @ 100   3,115,140  
A3   1,100   New York City Hlth. & Hosp. Corp., Hlth. Sys., Ser. A, 5.375%, 2/15/26 02/12 @ 100   1,121,934  
AA   2,500   New York City Hsg. Dev. Corp., Multi-Fam. Hsg. Rev., Ser. A, 5.50%, 11/01/34 05/12 @ 100   2,548,600  
AAA   2,500   New York City Mun. Wtr. Fin. Auth., Ser. A, 5.25%, 6/15/33, FGIC 06/11 @ 100   2,576,525  
BBB   1,445   New York Cntys. Tobacco Trust III, 6.00%, 6/01/43 06/13 @ 100   1,401,014  
        New York Dorm. Auth.,     
AA-   2,465 3       City Univ. Proj., Ser. A, 5.25%, 7/01/11 N/A   2,764,103  
AA-   285         City Univ. Proj., Ser. A, 5.25%, 7/01/31 07/11 @ 100   290,541  
AAA   2,500         Iona Coll. Proj., 5.125%, 7/01/32, XLCA 07/12 @ 100   2,560,575  
BBB+   3,000         Lenox Hill Hosp. Oblig. Grp. Proj., 5.50%, 7/01/30 07/11 @ 101   2,959,320  
AAA   2,500         Willow Towers, Inc. Proj., 5.40%, 2/01/34 08/12 @ 101   2,618,475  
AAA   2,750 4 New York Env. Facs. Corp., Mun. Wtr. Proj., Ser. D, 5.125%, 6/15/31 06/12 @ 100   2,826,890  
Aa1   2,980   New York Mtg. Agcy., Ser. 101, 5.40%, 4/01/32 10/11 @ 100   3,008,548  
AA   5,000   New York Urban Dev. Corp., Ser. A, 5.25%, 3/15/32 03/12 @ 100   5,133,450  
        Port Auth. of NY & NJ,  
AAA   2,750        Ser. 126, 5.25%, 5/15/37, FGIC 05/12 @ 101   2,822,023  
Caa2   2,600        Spec. Oblig., Contl./Eastn. LaGuardia Proj., 9.125%, 12/01/15 12/04 @ 100   2,612,610  
A   500   Suffolk Cnty. Indl. Dev. Agcy., Keyspan Port Jefferson Proj., 5.25%, 6/01/27 06/13 @ 100   506,150  
BBB   3,000   TSASC, Inc., Tobacco Settlement Rev., Ser. 1, 5.75%, 7/15/32 07/12 @ 100   2,807,340  
             
 
              46,811,638  
             
 
        Puerto Rico—32.4%  
BBB   3,650   Children’s Trust Fund, Tobacco Settlement Rev., 5.625%, 5/15/43 05/12 @ 100   3,309,674  
A-   2,000   Puerto Rico Elec. Pwr. Auth., Ser. 2, 5.25%, 7/01/31 07/12 @ 101   2,058,340  
A   2,000   Puerto Rico Hwy. & Transp. Auth., Ser. D, 5.25%, 7/01/38 07/12 @ 100   2,045,060  
        Puerto Rico Pub. Bldgs. Auth., Gov’t Facs., Ser. D,  
A-   1,980 3       5.25%, 7/01/12 N/A   2,201,859  
A-   720         5.25%, 7/01/27 07/12 @ 100   744,509  
        Puerto Rico Pub. Impvt., Ser. A,     
AAA   925 3       5.125%, 7/01/11 N/A   1,030,422  
A-   1,825         5.125%, 7/01/31 07/11 @ 100   1,839,618  
             
 
              13,229,482  
             
 
        Multi-State—7.0%      
Baa1   2,500 5 Charter Mac Equity Issuer Trust, Ser. B-2, 7.20%, 10/31/52 10/14 @ 100   2,849,975  
             
 
        Trust Territories—1.5%      
Ba3   635   Northern Mariana Islands Commerce, Ser. A, 6.75%, 10/01/33 10/13 @ 100   642,487  
             
 
        Total Long-Term Investments (cost $61,173,977)     63,533,582  
             
 

1

BlackRock New York Municipal Bond Trust (BQH) (continued)

                  
  Shares        
  (000) 
Description
                       Value  
 
      MONEY MARKET FUND—0.5%      
    200   AIM Tax Free Investment Co. Cash Reserve Portfolio (cost $200,000)     $  200,000  
             
 
        Total Investments—156.0% (cost $61,373,977)     $ 63,733,582  
        Other assets in excess of liabilities—3.3%     1,328,833  
        Preferred shares at redemption value, including dividends payable—(59.3)%     (24,206,031)  
             
 
        Net Assets Applicable to Common Shareholders—100%     $ 40,856,384  
             
 

1   Using the higher of S&P’s, Moody’s or Fitch’s rating.
2   Date (month/year) and price of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates.
3   This bond is prefunded. U.S. government securities, held in escrow, are used to pay interest on this security, as well as retire the bond in full at the date indicated, typically at a premium to par.
4   Entire or partial principal amount pledged as collateral for financial futures contracts.
5   Security is not registered under the Securities Act of 1933. These securities may be resold in transactions in accordance with Rule 144A under that Act, to qualified institutional buyers. As of November 30, 2004, the Trust held 7.0% of its net assets, with a current market value of $2,849,975, in securities restricted as to resale.     
 
KEY TO ABBREVIATIONS
  FGIC — Financial Guaranty Insurance Company XLCA — XL Capital Assurance
  GO — General Obligation    

2

 

Item 2. Controls and Procedures.

(a) The registrant's principal executive officer and principal financial officer have evaluated the registrant's disclosure controls and procedures within 90 days of this filing and have concluded that the registrant's disclosure controls and procedures are effective, as of that date, in ensuring that information required to be disclosed by the registrant in this Form N-Q was recorded, processed, summarized, and reported timely.

(b) The registrant's principal executive officer and principal financial officer are aware of no changes in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

Item 3. Exhibits.

Separate certifications of the registrant's principal executive and financial officers pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 are attached as EX-99.CERT.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

(Registrant)     BlackRock New York Municipal Bond Trust
 

 

By: /s/ Henry Gabbay
 
Name: Henry Gabbay
Title: Treasurer
Date: January 20, 2005

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By: /s/ Robert S. Kapito
 
Name: Robert S. Kapito
Title: Principal Executive Officer
Date: January 20, 2005

 

By: /s/ Henry Gabbay
 
Name: Henry Gabbay
Title: Principal Executive Officer
Date: January 20, 2005