UNITEDSTATES
SECURITIESANDEXCHANGECOMMISSION
Washington,D.C.20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-21037
Name of Fund: BlackRock New York Municipal Bond Trust (BQH)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: Anne F. Ackerley, Chief Executive Officer, BlackRock New
York Municipal Bond Trust, 55 East 52nd Street, New York, NY 10055
Registrants telephone number, including area code: (800) 882-0052, Option 4
Date of fiscal year end: 08/31/2011
Date of reporting period: 11/30/2010
Item 1 Schedule of Investments
Schedule of Investments November 30, 2010 (Unaudited)
BlackRock New York Municipal Bond Trust (BQH)
(Percentages shown are based on Net Assets)
Par | |||
Municipal Bonds | (000) | Value | |
New York 123.1% | |||
Corporate 14.6% | |||
Chautauqua County Industrial | |||
Development Agency, RB, Nrg Dunkirk | |||
Power Project, 5.88%, 4/01/42 | $ 250 | $ 254,033 | |
Essex County Industrial Development | |||
Agency New York, RB, International | |||
Paper Co. Project, Series A, AMT, | |||
6.63%, 9/01/32 | 100 | 103,943 | |
New York City Industrial Development | |||
Agency, RB, American Airlines Inc., | |||
JFK International Airport, AMT (a): | |||
7.63%, 8/01/25 | 750 | 785,535 | |
7.75%, 8/01/31 | 1,000 | 1,048,380 | |
New York Liberty Development Corp., | |||
RB, Goldman Sachs Headquarters, | |||
5.25%, 10/01/35 | 1,350 | 1,349,905 | |
Port Authority of New York & New Jersey, | |||
RB, Continental Airlines Inc. and | |||
Eastern Air Lines Inc. Project, | |||
LaGuardia, AMT, 9.13%, 12/01/15 | 2,035 | 2,063,490 | |
Suffolk County Industrial Development | |||
Agency New York, RB, KeySpan, Port | |||
Jefferson, AMT, 5.25%, 6/01/27 | 500 | 480,790 | |
6,086,076 | |||
County/City/Special District/School District 27.0% | |||
Amherst Development Corp., RB, | |||
University at Buffalo Foundation | |||
Faculty-Student Housing Corp., | |||
Series A (AGM): | |||
4.38%, 10/01/30 | 250 | 235,725 | |
4.63%, 10/01/40 | 140 | 132,623 | |
City of New York New York, GO: | |||
Series A-1, 4.75%, 8/15/25 | 500 | 522,945 | |
Series D, 5.38%, 6/01/32 | 2,040 | 2,125,394 | |
Sub-Series G-1, 6.25%, 12/15/31 | 250 | 283,388 | |
Sub-Series I-1, 5.38%, 4/01/36 | 450 | 471,038 | |
Hudson Yards Infrastructure Corp., RB, | |||
Series A: | |||
5.00%, 2/15/47 | 1,050 | 1,015,329 | |
(FGIC), 5.00%, 2/15/47 | 500 | 483,490 | |
(NPFGC), 4.50%, 2/15/47 | 850 | 784,082 | |
New York City Industrial Development | |||
Agency, PILOT, RB: | |||
CAB, Yankee Stadium (AGC), 6.41%, | |||
3/01/41 (b) | 5,155 | 849,441 |
Par | |||
Municipal Bonds | (000) | Value | |
New York (continued) | |||
County/City/Special District/School | |||
District (concluded) | |||
New York City Industrial Development | |||
Agency, PILOT, RB (concluded): | |||
CAB, Yankee Stadium, (AGC), | |||
6.02%, 3/01/42 (b) | $ 1,000 | $ 153,370 | |
CAB, Yankee Stadium, (AGC), | |||
6.46%, 3/01/43 (b) | 2,500 | 358,850 | |
Queens Baseball Stadium, (AGC), | |||
6.38%, 1/01/39 | 100 | 108,288 | |
Queens Baseball Stadium, | |||
(AMBAC), 5.00%, 1/01/39 | 750 | 650,542 | |
New York City Transitional Finance | |||
Authority, RB, Fiscal 2009, Series S-3, | |||
5.25%, 1/15/39 | 500 | 516,320 | |
New York Convention Center | |||
Development Corp., RB, Hotel Unit | |||
Fee Secured (AMBAC), 5.00%, | |||
11/15/44 | 1,000 | 972,900 | |
New York Liberty Development Corp., | |||
Refunding RB, Second Priority, Bank | |||
of America Tower at One Bryant Park | |||
Project: | |||
5.63%, 7/15/47 | 850 | 872,202 | |
6.38%, 7/15/49 | 285 | 296,993 | |
New York State Dormitory Authority, RB: | |||
Interagency Council Pooled, | |||
Series A-1, 4.25%, 7/01/25 | 250 | 243,360 | |
State University Dormitory Facilities, | |||
Series A, 5.00%, 7/01/39 | 150 | 152,507 | |
11,228,787 | |||
Education 16.3% | |||
Albany Industrial Development Agency, | |||
RB, New Covenant Charter School | |||
Project, Series A (c)(d): | |||
7.00%, 5/01/25 | 200 | 79,730 | |
7.00%, 5/01/35 | 130 | 51,825 | |
City of Troy New York, Refunding RB, | |||
Rensselaer Polytechnic, Series A, | |||
5.13%, 9/01/40 | 175 | 173,796 | |
Dutchess County Industrial | |||
Development Agency New York, | |||
Refunding RB, Bard College Civic | |||
Facility, Series A-2, 4.50%, 8/01/36 | 500 | 432,255 |
Portfolio Abbreviations
To simplify the listings of portfolio holdings in the Schedule of Investments, the names and descriptions of many of the securities have been abbreviated
according to the following list:
ACA | ACA Financial Guaranty Corp. | FGIC | Financial Guaranty Insurance Co. |
AGC | Assured Guaranty Corp. | FHA | Federal Housing Administration |
AGM | Assured Guaranty Municipal Corp. | GO | General Obligation Bonds |
AMBAC | American Municipal Bond Assurance Corp. | HFA | Housing Finance Agency |
AMT | Alternative Minimum Tax (subject to) | LRB | Lease Revenue Bonds |
BHAC | Berkshire Hathaway Assurance Corp. | MRB | Mortgage Revenue Bonds |
CAB | Capital Appreciation Bonds | NPFGC | National Public Finance Guarantee Corp. |
CIFG | CDC IXIS Financial Guaranty | PILOT | Payment in Lieu of Taxes |
ERB | Education Revenue Bonds | RB | Revenue Bonds |
SONYMA | State of New York Mortgage Agency |
BLACKROCK NEW YORK MUNICIPAL BOND TRUST
NOVEMBER 30, 2010
1
Schedule of Investments(continued)
BlackRock New York Municipal Bond Trust (BQH)
(Percentages shown are based on Net Assets)
Par | |||
Municipal Bonds | (000) | Value | |
New York (continued) | |||
Education (concluded) | |||
Nassau County Industrial Development | |||
Agency, Refunding RB, New York | |||
Institute of Technology Project, | |||
Series A, 4.75%, 3/01/26 | $ 200 | $ 195,528 | |
New York City Industrial Development | |||
Agency, RB, Lycee Francais de New | |||
York Project, Series A (ACA), 5.50%, | |||
6/01/15 | 250 | 263,557 | |
New York State Dormitory Authority, RB: | |||
5.83%, 7/01/39 (e) | 175 | 149,410 | |
Iona College (Syncora), 5.13%, | |||
7/01/32 | 2,000 | 1,988,280 | |
New York University, Series 1 | |||
(BHAC), 5.50%, 7/01/31 | 245 | 272,185 | |
Rochester Institute of Technology, | |||
Series A, 6.00%, 7/01/33 | 325 | 351,253 | |
The New School (AGM), 5.50%, | |||
7/01/43 (f) | 400 | 411,688 | |
University of Rochester, Series A, | |||
5.13%, 7/01/39 | 215 | 219,558 | |
Vassar College, 5.00%, 7/01/49 | 200 | 202,148 | |
New York State Dormitory Authority, | |||
Refunding RB: | |||
Brooklyn Law School, 5.75%, | |||
7/01/33 | 125 | 132,864 | |
Teachers College, 5.50%, 3/01/39 | 350 | 363,846 | |
Suffolk County Industrial Development | |||
Agency, Refunding RB, New York | |||
Institute of Technology Project, 5.00%, | |||
3/01/26 | 150 | 149,988 | |
Trust for Cultural Resources, RB, | |||
Series A: | |||
Carnegie Hall, 4.75%, 12/01/39 | 550 | 533,159 | |
Juilliard School, 5.00%, 1/01/39 | 550 | 568,821 | |
Yonkers Industrial Development Agency | |||
New York, RB, Sarah Lawrence | |||
College Project, Series A, 6.00%, | |||
6/01/41 | 250 | 257,373 | |
6,797,264 | |||
Health 8.9% | |||
Dutchess County Local Development | |||
Corp., Refunding RB, Health Quest | |||
System Inc., Series A, 5.75%, | |||
7/01/30 (f) | 350 | 347,137 | |
Genesee County Industrial Development | |||
Agency New York, Refunding RB, | |||
United Memorial Medical Center | |||
Project, 5.00%, 12/01/27 | 150 | 125,610 | |
Monroe County Industrial Development | |||
Corp., RB, Unity Hospital of Rochester | |||
Project (FHA), 5.50%, 8/15/40 | 275 | 290,130 | |
New York State Dormitory Authority, RB: | |||
New York State Association for | |||
Retarded Children, Inc., | |||
Series B (AMBAC), 6.00%, 7/01/32 | 185 | 195,791 | |
New York University Hospital | |||
Center, Series B, 5.63%, 7/01/37 | 260 | 263,479 | |
North Shore-Long Island Jewish | |||
Health System, Series A, 5.50%, | |||
5/01/37 | 450 | 457,249 |
Par | |||
Municipal Bonds | (000) | Value | |
New York (continued) | |||
Health (concluded) | |||
New York State Dormitory Authority, RB: | |||
(concluded) | |||
North Shore-Long Island Jewish | |||
Health System, Series A, 5.75%, | |||
5/01/37 | $ 500 | $ 516,470 | |
New York State Dormitory Authority, | |||
Refunding RB: | |||
Mount Sinai Hospital, Series A, | |||
5.00%, 7/01/26 | 350 | 357,336 | |
North Shore-Long Island Jewish | |||
Health System, Series E, 5.50%, | |||
5/01/33 | 250 | 253,858 | |
Saratoga County Industrial Development | |||
Agency New York, RB, Saratoga | |||
Hospital Project, Series B, 5.25%, | |||
12/01/32 | 200 | 190,480 | |
Suffolk County Industrial Development | |||
Agency New York, Refunding RB, | |||
Jeffersons Ferry Project, 5.00%, | |||
11/01/28 | 260 | 239,996 | |
Westchester County Industrial | |||
Development Agency New York, MRB, | |||
Kendal on Hudson Project, Series A, | |||
6.38%, 1/01/24 | 500 | 490,505 | |
3,728,041 | |||
Housing 12.6% | |||
New York City Housing Development | |||
Corp., RB, Series A, AMT, 5.50%, | |||
11/01/34 | 2,500 | 2,510,025 | |
New York Mortgage Agency, Refunding | |||
RB, Series 101, AMT, 5.40%, | |||
4/01/32 | 2,275 | 2,277,957 | |
New York State HFA, RB, Highland | |||
Avenue Senior Apartments, Series A, | |||
AMT (SONYMA), 5.00%, 2/15/39 | 500 | 453,730 | |
5,241,712 | |||
State 16.8% | |||
New York State Dormitory Authority, | |||
ERB, Series B, 5.75%, 3/15/36 | 300 | 330,489 | |
New York State Dormitory Authority, | |||
LRB, Municipal Health Facilities, | |||
Sub-Series 2-4, 4.75%, 1/15/30 | 500 | 493,785 | |
New York State Dormitory Authority, RB, | |||
Mental Health Services Facilities | |||
Improvement, Series A (AGM), 5.00%, | |||
2/15/22 | 335 | 359,197 | |
New York State Urban Development | |||
Corp., RB, Personal Income Tax, State | |||
Facilities, Series A, 5.25%, | |||
3/15/12 (g) | 5,000 | 5,292,350 | |
State of New York, GO, Series A, 5.00%, | |||
2/15/39 | 500 | 512,825 | |
6,988,646 | |||
Tobacco 8.3% | |||
New York Counties Tobacco Trust III, RB, | |||
Tobacco Settlement Pass-Thru, Turbo, | |||
6.00%, 6/01/43 | 1,445 | 1,274,779 |
2 BLACKROCK NEW YORK MUNICIPAL BOND TRUST
NOVEMBER 30, 2010
Schedule of Investments(continued)
BlackRock New York Municipal Bond Trust (BQH)
(Percentages shown are based on Net Assets)
Par | |||
Municipal Bonds | (000) | Value | |
New York (concluded) | |||
Tobacco (concluded) | |||
TSASC Inc. New York, RB, Tobacco | |||
Settlement Asset-Backed, Series 1, | |||
5.75%, 7/15/12 (g) | $ 2,000 | $ 2,167,120 | |
3,441,899 | |||
Transportation 10.5% | |||
Metropolitan Transportation Authority, | |||
RB: | |||
Series 2008C, 6.50%, 11/15/28 | 700 | 790,769 | |
Series A, 5.63%, 11/15/39 | 250 | 265,543 | |
Series B, 4.50%, 11/15/37 | 100 | 91,671 | |
Port Authority of New York & New Jersey, | |||
RB, Consolidated: | |||
116th Series, 4.13%, 9/15/32 | 500 | 474,570 | |
126th Series, AMT (NPFGC), 5.25%, | |||
5/15/37 | 2,750 | 2,774,117 | |
4,396,670 | |||
Utilities 8.1% | |||
Long Island Power Authority, RB, | |||
General, Series C (CIFG), 5.25%, | |||
9/01/29 | 500 | 533,990 | |
Long Island Power Authority, Refunding | |||
RB, Series A: | |||
5.50%, 4/01/24 | 250 | 272,460 | |
New York City Municipal Water Finance | |||
Authority, RB, Series A (FGIC), 5.25%, | |||
6/15/11 (g) | 1,500 | 1,540,335 | |
New York State Environmental Facilities | |||
Corp., Refunding RB, Revolving Funds, | |||
New York City Water Project, Series D, | |||
5.13%, 6/15/31 | 1,000 | 1,014,400 | |
3,361,185 | |||
Total Municipal Bonds in New York | 51,270,280 | ||
Guam 1.9% | |||
State 0.6% | |||
Territory of Guam, GO, Series A, 7.00%, | |||
11/15/39 | 225 | 246,017 | |
Tobacco 0.4% | |||
Guam Economic Development & | |||
Commerce Authority, Refunding RB, | |||
Tobacco Settlement Asset-Backed, | |||
5.63%, 6/01/47 | 200 | 178,466 | |
Utilities 0.9% | |||
Guam Government Waterworks | |||
Authority, Refunding RB, Water, | |||
5.88%, 7/01/35 | 350 | 348,852 | |
Total Municipal Bonds in Guam | 773,335 | ||
Multi-State 6.6% | |||
Housing 6.6% | |||
Centerline Equity Issuer Trust, 7.20%, | |||
11/15/52 (h)(i) | 2,500 | 2,746,275 | |
Puerto Rico 18.2% | |||
County/City/Special District/School District 3.0% | |||
Puerto Rico Sales Tax Financing Corp., | |||
RB, First Sub-Series A, 6.00%, | |||
8/01/42 | 1,000 | 1,053,750 |
Par | |||
Municipal Bonds | (000) | Value | |
Puerto Rico (concluded) | |||
County/City/Special District/School District (concluded) | |||
Puerto Rico Sales Tax Financing Corp., | |||
Refunding RB, CAB, Series A (NPFGC), | |||
5.77%, 8/01/41 (b) | $ 1,400 | $ 201,880 | |
1,255,630 | |||
State 12.2% | |||
Commonwealth of Puerto Rico, GO, | |||
Public Improvement, Series A, 5.13%, | |||
7/01/31 | 1,725 | 1,725,863 | |
Puerto Rico Commonwealth | |||
Infrastructure Financing Authority, RB, | |||
CAB, Series A (AMBAC) (b): | |||
4.37%, 7/01/37 | 2,000 | 331,480 | |
4.99%, 7/01/44 | 2,000 | 199,320 | |
Puerto Rico Public Buildings Authority, | |||
Refunding RB, Government Facilities, | |||
Series D: | |||
5.25%, 7/01/12 (g) | 1,980 | 2,117,274 | |
5.25%, 7/01/27 | 720 | 716,810 | |
5,090,747 | |||
Tobacco 1.1% | |||
Children's Trust Fund, Refunding RB, | |||
Asset-Backed, 5.63%, 5/15/43 | 500 | 454,205 | |
Transportation 1.9% | |||
Puerto Rico Highway & Transportation | |||
Authority, Refunding RB, Series D, | |||
5.25%, 7/01/12 (g) | 750 | 802,860 | |
Total Municipal Bonds in Puerto Rico | 7,603,442 | ||
Total Municipal Bonds 149.8% | 62,393,332 | ||
Municipal Bonds Transferred to Tender | |||
Option Bond Trusts (j) | |||
New York 1.0% | |||
Utilities 1.0% | |||
New York City Municipal Water Finance | |||
Authority, RB, Fiscal 2009, Series A, | |||
5.75%, 6/15/40 | 405 | 439,659 | |
Total Municipal Bonds Transferred to | |||
Tender Option Bond Trusts 1.0% | 439,659 | ||
Total Long-Term Investments | |||
(Cost $61,434,185) 150.8% | 62,832,991 |
BLACKROCK NEW YORK MUNICIPAL BOND TRUST
NOVEMBER 30, 2010
3
Schedule of Investments(concluded)
BlackRock New York Municipal Bond Trust (BQH)
(Percentages shown are based on Net Assets)
Short-Term Securities | Shares | |
BIF New York Municipal Money Fund, | ||
0.00% (k)(l) | 985,459 | $ 985,459 |
Total Short-Term Securities | ||
(Cost $985,459) 2.4% | 985,459 | |
Total Investments | ||
(Cost $62,419,644*) 153.2% | 63,818,450 | |
Other Assets Less Liabilities 0.5% | 232,583 | |
Liability for Trust Certificates, Including Interest | ||
Expense and Fees Payable (0.6)% | (270,243) | |
Preferred Shares, at Redemption Value (53.1)% | (22,126,875) | |
Net Assets Applicable to Common Shares 100.0% | $ 41,653,915 |
________________________________________________________________________________________________________________________________________________________________________________________________________________________
* The cost and unrealized appreciation (depreciation) of investments as of
November 30, 2010, as computed for federal income tax purposes, were
as follows:
Aggregate cost | $ 62,178,934 |
Gross unrealized appreciation | $ 2,532,108 |
Gross unrealized depreciation | (1,162,490) |
Net unrealized appreciation | $ 1,369,618 |
(a) Variable rate security. Rate shown is as of report date.
(b) Represents a zero-coupon bond. Rate shown reflects the current yield as
of report date.
(c) Issuer filed for bankruptcy and/or is in default of interest payments.
(d) Non-income producing security
(e) Represents a step-up bond that pays an initial coupon rate for the first
period and then a higher coupon rate for the following periods. Rate
shown reflects the current yield as of report date.
(f) When-issued security. Unsettled when-issued transactions were as
follows:
Unrealized | ||
Counterparty | Value | Appreciation |
JP Morgan Securities | $ 347,137 | $ 1,194 |
Merrill Lynch | $ 411,688 | $ 20,596 |
(g) US government securities, held in escrow, are used to pay interest on this
security as well as to retire the bond in full at the date indicated, typically
at a premium to par.
(h) Security exempt from registration under Rule 144A of the Securities Act
of 1933. These securities may be resold in transactions exempt from
registration to qualified institutional investors.
(i) Security represents a beneficial interest in a trust. The collateral
deposited into the trust is federally tax-exempt revenue bonds issued by
various state or local governments, or their respective agencies or
authorities. The security is subject to remarketing prior to its stated
maturity.
(j) Securities represent bonds transferred to a tender option bond trust in
exchange for which the Trust acquired residual interest certificates.
These securities serve as collateral in a financing transaction.
(k) Investments in companies considered to be an affiliate of the Trust
during the period, for purposes of Section 2(a)(3) of the Investment
Company Act of 1940, as amended, were as follows:
Shares | Shares | |||
Held at | Held at | |||
August 31, | Net | November 30, | ||
Affiliate | 2010 | Activity | 2010 | Income |
BIF New York | ||||
Municipal | ||||
Money Fund | 563,059 | 422,400 | 985,459 | $ - |
(l) Represents the current yield as of report date.
Fair Value Measurements - Various inputs are used in determining the fair
value of investments, which are as follows:
Level 1 price quotations in active markets/exchanges for identical
assets and liabilities
Level 2 other observable inputs (including, but not limited to: quoted
prices for similar assets or liabilities in markets that are active, quoted
prices for identical or similar assets or liabilities in markets that are not
active, inputs other than quoted prices that are observable for the
assets or liabilities (such as interest rates, yield curves, volatilities,
prepayment speeds, loss severities, credit risks and default rates) or
other market-corroborated inputs)
Level 3 unobservable inputs based on the best information available
in the circumstances, to the extent observable inputs are not available
(including the Trust's own assumptions used in determining the fair
value of investments)
The inputs or methodologies used for valuing securities are not necessarily
an indication of the risk associated with investing in those securities. For
information about the Trust's policy regarding valuation of investments and
other significant accounting policies, please refer to the Trusts most recent
financial statements as contained in its annual report.
The following table summarizes the inputs used as of November 30, 2010 in
determining the fair valuation of the Trust's investments:
Valuation Inputs | Level 1 | Level 2 | Level 3 | Total |
Assets: | ||||
Investments in Securities: | ||||
Municipal Bonds: | ||||
Long-Term | ||||
Investments1 | | $ 62,832,991 | | $ 62,832,991 |
Short-Term | ||||
Securities | $ 985,459 | | | 985,459 |
Total | $ 985,459 | $ 62,832,991 | | $ 63,818,450 |
1 See above Schedule of Investments for values in each sector.
4 BLACKROCK NEW YORK MUNICIPAL BOND TRUST
NOVEMBER 30, 2010
Item 2 Controls and Procedures
2(a) The registrant's principal executive and principal financial officers or persons performing
similar functions have concluded that the registrant's disclosure controls and procedures (as
defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the
31940 Act3)) areeffective as of a date within 90 days of the filing of this report based on the
evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act
and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended.
2(b) There were no changes in the registrant's internal control over financial reporting (as defined
in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant's last fiscal quarter
that have materially affected, or are reasonably likely to materially affect, the registrant's
internal control over financial reporting.
Item 3 Exhibits
Certifications Attached hereto
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.
BlackRock New York Municipal Bond Trust
By: /s/ Anne F. Ackerley
Anne F. Ackerley
Chief Executive Officer (principal executive officer) of
BlackRock New York Municipal Bond Trust
Date: January 26, 2011
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/ Anne F. Ackerley
Anne F. Ackerley
Chief Executive Officer (principal executive officer) of
BlackRock New York Municipal Bond Trust
Date: January 26, 2011
By: /s/ Neal J. Andrews
Neal J. Andrews
Chief Financial Officer (principal financial officer) of
BlackRock New York Municipal Bond Trust
Date: January 26, 2011