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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

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: Donald C. Burke, Chief Executive Officer, BlackRock New York Municipal Bond Trust, 800 Scudders Mill Road, Plainsboro, NJ, 08536. Mailing address: P.O. Box 9011, Princeton, NJ, 08543-9011

Registrant’s telephone number, including area code: (800) 882-0052, Option 4

Date of fiscal year end: 08/31/2008

Date of reporting period: 09/01/2007 – 11/30/2007


Item 1 – Schedule of Investments



BlackRock New York Municipal Bond Trust    
Schedule of Investments as of November 30, 2007 (Unaudited)  
(in Thousands)
  Face        
  Amount   Corporate Bonds Value
Multi-State - 6.7% $ 2,500   Charter Mac Equity Issuer Trust, 7.20% due 10/31/2052 (l) $ 2,848
        Total Corporate Bonds (Cost - $2,500) - 6.7%   2,848
        Municipal Bonds    
New York - 126.4%   200   Albany, New York, IDA, Civic Facility Revenue Bonds (New Covenant Charter    
        School Project), Series A, 7% due 5/01/2025   167
    130   Albany, New York, IDA, Civic Facility Revenue Bonds (New Covenant Charter    
        School Project), Series A, 7% due 5/01/2035   107
    1,000   Dutchess County, New York, IDA, Civic Facility Revenue Bonds (Vassar College    
        Project), 5.35% due 8/01/2011 (i)   1,082
    500   Dutchess County, New York, IDA, Civic Facility Revenue Refunding Bonds (Bard    
        College), Series A-2, 4.50% due 8/01/2036   469
    150   Genesee County, New York, IDA, Civic Facility Revenue Refunding Bonds (United    
        Memorial Medical Center Project), 5% due 12/01/2027   137
    1,200   Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series A,    
        4.50% due 2/15/2047 (h)   1,149
    3,000   Metropolitan Transportation Authority, New York, Revenue Refunding Bonds, Series    
        A, 5.125% due 11/15/2031   3,083
    500   Metropolitan Transportation Authority, New York, Revenue Refunding Bonds, Series    
        B, 4.50% due 11/15/2032 (e)   495
    500   Metropolitan Transportation Authority, New York, Transportation Revenue Bonds,    
        Series A, 4.75% due 11/15/2037 (d)   504
    1,100   New York City, New York, City Health and Hospital Corporation, Health System    
        Revenue Bonds, Series A, 5.375% due 2/15/2026   1,121
    2,500   New York City, New York, City Housing Development Corporation, M/F Housing    
        Revenue Bonds, AMT, Series A, 5.50% due 11/01/2034   2,530
    250   New York City, New York, City IDA, PILOT Revenue Bonds (Queens Baseball    
        Stadium Project), 5% due 1/01/2039 (b)   258
    250   New York City, New York, City IDA, PILOT Revenue Bonds (Queens Baseball    
        Stadium Project), 5% due 1/01/2046 (b)   256
    250   New York City, New York, City IDA, PILOT Revenue Bonds (Yankee Stadium    
        Project), 5% due 3/01/2036 (h)   259
 
Portfolio Abbreviations            

To simplify the listings of BlackRock New York Municipal Bond Trust's portfolio holding in the Schedule of Investments, we have abbreviated the names of many of the securities according to the list below:

  AMT   Alternative Minimum Tax (subject to)
  GO   General Obligation Bonds
  IDA   Industrial Development Authority
  IDR   Industrial Development Revenue Bonds
  M/F   Multi-Family
  PILOT   Payment in Lieu of Taxes
  TFABS   Tobacco Flexible Amortization Bonds
       

1

BlackRock New York Municipal Bond Trust    
Schedule of Investments as of November 30, 2007 (Unaudited)   (in Thousands)
 
Face
       
 
Amount
  Municipal Bonds
Value
  $ 750   New York City, New York, City IDA, PILOT Revenue Bonds (Yankee Stadium    
        Project), 5% due 3/01/2046 (d) $ 768
    1,250   New York City, New York, City IDA, Special Facility Revenue Bonds (American    
        Airlines, Inc. - JFK International Airport), AMT, 7.625% due 8/01/2025   1,369
    1,000   New York City, New York, City IDA, Special Facility Revenue Bonds (Continental    
        Airlines Inc. Project), AMT, 7.75% due 8/01/2031   1,102
    650   New York City, New York, City Municipal Water Finance Authority, Second    
        General Resolution, Water and Sewer System Revenue Bonds, Series AA, 4.50%    
        due 6/15/2037 (h)   634
    2,500   New York City, New York, City Municipal Water Finance Authority, Water and Sewer    
        System Revenue Bonds, Series A, 5.25% due 6/15/2011 (d)(i)   2,669
    250   New York City, New York, City Municipal Water Finance Authority, Water and Sewer    
        System Revenue Bonds, Series A, 4.25% due 6/15/2033   236
    250   New York City, New York, City Transitional Finance Authority, Building Aid    
        Revenue Bonds, Series S-1, 5% due 7/15/2031 (d)   262
    2,040   New York City, New York, GO, Series D, 5.375% due 6/01/2032   2,113
    600   New York City, New York, IDA, Civic Facility Revenue Refunding Bonds    
        (Polytechnic University), 5.25% due 11/01/2037 (a)   545
    1,000   New York Convention Center Development Corporation, New York, Revenue Bonds    
        (Hotel Unit Fee Secured), 5% due 11/15/2044 (b)   1,030
    1,445   New York Counties Tobacco Trust III, Tobacco Settlement Pass-Through Bonds, 6%    
        due 6/01/2043   1,482
    385   New York Liberty Development Corporation Revenue Bonds (National Sports    
        Museum Project), Series A, 6.125% due 2/15/2019   387
    2,215   New York State Dormitory Authority, Consolidated Fourth General Resolution    
        Revenue Bonds (City University System), Series A, 5.25% due 7/01/2011 (i)   2,367
    300   New York State Dormitory Authority, Non-State Supported Debt Revenue Bonds    
        (Manhattan College), Series B, 5.30% due 7/01/2037 (j)   300
    260   New York State Dormitory Authority, Non-State Supported Debt Revenue Bonds    
        (New York University Hospitals Center), Series B, 5.625% due 7/01/2037   255
    150   New York State Dormitory Authority, Non-State Supported Debt, Revenue Refunding    
        Bonds (Mount Sinai School of Medicine of New York University), 5% due 7/01/2035 (h)   157
    2,500   New York State Dormitory Authority Revenue Bonds (Iona College), 5.125%    
        due 7/01/2032 (m)   2,591
    2,500   New York State Dormitory Authority Revenue Bonds (Willow Towers Inc. Project),    
        5.40% due 2/01/2034 (f)   2,620

2

BlackRock New York Municipal Bond Trust    
Schedule of Investments as of November 30, 2007 (Unaudited)   (in Thousands)
 
Face
       
 
Amount
  Municipal Bonds Value
  $ 2,750   New York State Environmental Facilities Corporation, State Clean Water and Drinking    
        Revenue Refunding Bonds (New York City Water Project), Series D, 5.125% due    
        6/15/2031 $ 2,838
    2,815   New York State Mortgage Agency Revenue Bonds, AMT, Series 101, 5.40% due    
        4/01/2032   2,839
    250   New York State Thruway Authority, General Revenue Refunding Bonds, Series H, 5%    
        due 1/01/2037 (d)   260
    5,000   New York State Urban Development Corporation, Personal Income Tax Revenue    
        Bonds, Series A, 5.25% due 3/15/2012 (i)   5,399
    2,750   Port Authority of New York and New Jersey, Consolidated Revenue Bonds, AMT,    
        126th Series, 5.25% due 5/15/2037 (d)   2,798
    2,475   Port Authority of New York and New Jersey, Special Obligation Revenue Bonds    
        (Continental Airlines, Inc. - LaGuardia Project), AMT, 9.125% due 12/01/2015   2,566
    600   Schuyler County, New York, Human Services Development Corporation Revenue    
        Bonds, 5% due 5/01/2032 (c)   625
    260   Suffolk County, New York, IDA, Continuing Care and Retirement, Revenue Refunding    
        Bonds (Jeffersons Ferry Project), 5% due 11/01/2028   243
    500   Suffolk County, New York, IDA, IDR (Keyspan-Port Jefferson), AMT, 5.25% due    
        6/01/2027   504
    3,000   TSASC, Inc., New York, TFABS, Series 1, 5.75% due 7/15/2012 (i)   3,314
Puerto Rico - 22.2%   500   Children's Trust Fund Project of Puerto Rico, Tobacco Settlement Revenue Refunding    
        Bonds, 5.625% due 5/15/2043   492
    1,500   Puerto Rico Commonwealth Highway and Transportation Authority, Transportation    
        Revenue Refunding Bonds, Series D, 5.25% due 7/01/2012 (i)   1,625
    2,000   Puerto Rico Commonwealth Infrastructure Financing Authority, Special Tax and    
        Capital Appreciation Revenue Bonds, Series A, 4.34% due 7/01/2037 (b)(n)   451
    2,000   Puerto Rico Commonwealth Infrastructure Financing Authority, Special Tax and    
        Capital Appreciation Revenue Bonds, Series A, 5.009% due 7/01/2044 (b)(n)   310
    1,825   Puerto Rico Commonwealth, Public Improvement, GO, Series A, 5.125% due    
        7/01/2031   1,827
    1,750   Puerto Rico Electric Power Authority, Power Revenue Bonds, Series II, 5.25% due    
        7/01/2012 (i)   1,915
    1,980   Puerto Rico Public Buildings Authority, Government Facilities Revenue Refunding    
        Bonds, Series D, 5.25% due 7/01/2012 (i)   2,138
    720   Puerto Rico Public Buildings Authority, Government Facilities Revenue Refunding    
        Bonds, Series D, 5.25% due 7/01/2027   727
        Total Municipal Bonds (Cost - $60,504) - 148.6%   63,375

3

BlackRock New York Municipal Bond Trust    
Schedule of Investments as of November 30, 2007 (Unaudited)   (in Thousands)   

    Shares        
    Held   Short-Term Securities  
Value
    210   CMA New York Municipal Money Fund, 3.07% (g)(k) $ 210
        Total Short-Term Securities (Cost - $210) - 0.5%   210
        Total Investments (Cost - $63,214*) - 155.8%   66,433
        Other Assets Less Liabilities - 1.0%   421
        Preferred Shares, at Redemption Value - (56.8%)   (24,213)
        Net Assets Applicable to Common Shares - 100.0% $ 42,641

*

The cost and unrealized appreciation (depreciation) of investments as of November 30, 2007, as computed for federal income tax purposes, were as follows:
 
Aggregate cost   $ 63,118  
Gross unrealized appreciation   $ 3,681  
Gross unrealized depreciation     (366 )
Net unrealized appreciation   $ 3,315  


(a)
ACA Insured.
(b)
AMBAC Insured.
(c)
Assured Guaranty Insured.
(d)
FGIC Insured.
(e)
FSA Insured.
(f)
GNMA Collateralized.
(g)
Investments in companies considered to be an affiliate of the Trust, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, were as follows:
Affiliate   Net Activity   Dividend Income
CMA New York Municipal Money Fund   (297 )  $   4  

(h)
MBIA Insured.
(i)
Prerefunded.
(j)
Radian Insured.
(k)
Represents the current yield as of November 30, 2007.
(l)
The security may be offered and sold to "qualified institutional buyers" under Rule 144A of the Securities Act of 1933.
(m)
XL Capital Insured.
(n)
Represents a zero coupon bond; the interest rate shown reflects the effective yield at the time of purchase.
   

4


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 “1940 Act”)) are effective 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 and 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/ Donald C. Burke               
            Donald C. Burke,
            Chief Executive Officer of
            BlackRock New York Municipal Bond Trust

Date: January 16, 2008

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/ Donald C. Burke               
            Donald C. Burke,
            Chief Executive Officer (principal executive officer) of
            BlackRock New York Municipal Bond Trust

Date: January 16, 2008

By:      /s/ Neal J. Andrews               
             Neal J. Andrews,
            Chief Financial Officer (principal financial officer) of
            BlackRock New York Municipal Bond Trust

Date: January 16, 2008