c54110_n-q.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

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: 03/01/2008 – 05/31/2008


Item 1 – Schedule of Investments


BlackRock New York Municipal Bond Trust  
Schedule of Investments May 31, 2008 (Unaudited) (Percentages shown are based on Net Assets)
      Par                   
  Municipal Bonds   (000)     Value
New York - 125.8%                Albany, New York, IDA, Civic Facility Revenue Bonds (New Covenant Charter          
  School Project), Series A, 7%, 5/01/25 $ 200   $ 159,424
  Albany, New York, IDA, Civic Facility Revenue Bonds (New Covenant Charter          
  School Project), Series A, 7%, 5/01/35   130     101,575
  Dutchess County, New York, IDA, Civic Facility Revenue Bonds (Vassar College          
  Project), 5.35%, 8/01/11 (a)   1,000            1,091,680
  Dutchess County, New York, IDA, Civic Facility Revenue Refunding Bonds (Bard          
  College), Series A-2, 4.50%, 8/01/36   500     460,285
  Genesee County, New York, IDA, Civic Facility Revenue Refunding Bonds (United          
  Memorial Medical Center Project), 5%, 12/01/27   150     129,184
  Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series A,          
  4.50%, 2/15/47 (b)                1,000     918,380
  Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series A,          
  5%, 2/15/47 (c)   500     488,500
  Metropolitan Transportation Authority, New York, Revenue Refunding Bonds,          
  Series A, 5%, 11/15/25 (c)   250     252,380
  Metropolitan Transportation Authority, New York, Revenue Refunding Bonds,          
  Series A, 5.125%, 11/15/31   3,000     3,028,470
  Metropolitan Transportation Authority, New York, Transportation Revenue          
  Refunding Bonds, Series F, 5%, 11/15/35   1,250     1,257,700
  New York City, New York, City Health and Hospital Corporation, Health System          
  Revenue Bonds, Series A, 5.375%, 2/15/26   1,100     1,112,793
  New York City, New York, City Housing Development Corporation, M/F Housing          
  Revenue Bonds, AMT, Series A, 5.50%, 11/01/34   2,500     2,503,350
  New York City, New York, City IDA, PILOT Revenue Bonds (Queens Baseball          
  Stadium Project), 5%, 1/01/39 (d)   250     251,202
  New York City, New York, City IDA, PILOT Revenue Bonds (Queens Baseball          
  Stadium Project), 5%, 1/01/46 (d)   150     149,741
  New York City, New York, City IDA, PILOT Revenue Bonds (Yankee Stadium          
  Project), 5%, 3/01/36 (b)   250     252,508
  New York City, New York, City IDA, PILOT Revenue Bonds (Yankee Stadium          
  Project), 5%, 3/01/46 (c)   500     475,505
  New York City, New York, City IDA, Special Facility Revenue Bonds (American          
  Airlines, Inc. - JFK International Airport), AMT, 7.625%, 8/01/25   1,250     1,174,375

Portfolio Abbreviations
To simplify the listings of BlackRock New York Municipal Bond Trust's portfolio holdings 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
VRDN Variable Rate Demand Notes

1


BlackRock New York Municipal Bond Trust  
Schedule of Investments May 31, 2008 (Unaudited) (Percentages shown are based on Net Assets)
      Par                   
                                       Municipal Bonds   (000)     Value
  New York City, New York, City IDA, Special Facility Revenue Bonds (Continental          
  Airlines Inc. Project), AMT, 7.75%, 8/01/31 $              1,000   $ 945,580
  New York City, New York, City Municipal Water Finance Authority, Second          
  General Resolution, Water and Sewer System Revenue Bonds, Series AA, 4.50%,          
  6/15/37 (b)   650     627,503
  New York City, New York, City Municipal Water Finance Authority, Water and          
  Sewer System Revenue Bonds, Series A, 5.25%, 6/15/11 (a)   2,500            2,694,425
  New York City, New York, City Municipal Water Finance Authority, Water and          
  Sewer System Revenue Bonds, Series A, 4.25%, 6/15/33   250     234,763
  New York City, New York, GO, Series D, 5.375%, 6/01/32   2,040       2,092,999
  New York City, New York, IDA, Civic Facility Revenue Bonds (Lycee Francais de          
  New York Project), Series A, 5.50%, 6/01/15 (e)   250     252,777
  New York Convention Center Development Corporation, New York, Revenue          
  Bonds (Hotel Unit Fee Secured), 5%, 11/15/44 (d)   1,000     1,001,890
  New York Counties Tobacco Trust III, Tobacco Settlement Pass-Through Bonds,          
  6%, 6/01/43   1,445     1,456,762
  New York Liberty Development Corporation Revenue Bonds (National Sports          
  Museum Project), Series A, 6.125%, 2/15/19   385     386,220
  New York State Dormitory Authority, Consolidated Fourth General Resolution          
  Revenue Bonds (City University System), Series A, 5.25%, 7/01/11 (a)   2,215     2,387,947
  New York State Dormitory Authority, Non-State Supported Debt Revenue Bonds          
  (Manhattan College), Series B, 5.30%, 7/01/37 (h)   200     203,598
  New York State Dormitory Authority, Non-State Supported Debt Revenue Bonds          
  (New York University Hospitals Center), Series B, 5.625%, 7/01/37   260     249,298
  New York State Dormitory Authority, Non-State Supported Debt Revenue Bonds          
  (Royal Charter Properties - East), VRDN, Series A, 1.60%, 1/15/36 (i)(j)   1,700          1,700,000
  New York State Dormitory Authority, Non-State Supported Debt, Revenue          
  Refunding Bonds (Mount Sinai School of Medicine of New York University),          
  5%, 7/01/35 (b)   150     152,072
  New York State Dormitory Authority Revenue Bonds (Iona College), 5.125%,          
  7/01/32 (f)   2,500     2,442,400
  New York State Dormitory Authority Revenue Bonds (Willow Towers Inc.          
  Project), 5.40%, 2/01/34 (g)   2,500     2,596,100
  New York State Environmental Facilities Corporation, State Clean Water and          
  Drinking Revenue Refunding Bonds (New York City Water Project), Series D,          
  5.125%, 6/15/31   2,750     2,809,758
  New York State Urban Development Corporation, Personal Income Tax Revenue          
  Bonds, Series A, 5.25%, 3/15/12 (a)   5,000     5,427,050
  New York State Urban Development Corporation, Personal Income Tax Revenue          
  Bonds, Series B, 5%, 3/15/37   1,000     1,027,130
  New York State Urban Development Corporation, Personal Income Tax Revenue          
  Bonds (State Facilities), Series A-1, 5.25%, 3/15/34 (c)   100     103,857
  Port Authority of New York and New Jersey, Consolidated Revenue Bonds, AMT,          
  126th Series, 5.25%, 5/15/37 (c)   2,750     2,755,500

2


BlackRock New York Municipal Bond Trust  
Schedule of Investments May 31, 2008 (Unaudited) (Percentages shown are based on Net Assets)
      Par                   
                                       Municipal Bonds   (000)     Value
  Port Authority of New York and New Jersey, Special Obligation Revenue Bonds          
  (Continental Airlines, Inc. - LaGuardia Project), AMT, 9.125%, 12/01/15 $ 2,475   $ 2,509,898
  Saratoga County, New York, IDA, Civic Facility Revenue Bonds (The Saratoga          
  Hospital Project), Series B, 5.25%, 12/01/32   200     192,275
  Suffolk County, New York, IDA, Continuing Care and Retirement, Revenue          
  Refunding Bonds (Jeffersons Ferry Project), 5%, 11/01/28   260     237,900
  Suffolk County, New York, IDA, IDR (Keyspan-Port Jefferson), AMT,          
  5.25%, 6/01/27   500     487,680
  TSASC, Inc., New York, TFABS, Series 1, 5.75%, 7/15/12 (a)             3,000     3,324,870
               52,107,304
Guam - 0.5% Guam Economic Development and Commerce Authority, Tobacco Settlement          
  Asset-Backed Revenue Refunding Bonds, 5.625%, 6/01/47   200     192,230
Puerto Rico - 15.8% Children's Trust Fund Project of Puerto Rico, Tobacco Settlement Revenue          
  Refunding Bonds, 5.625%, 5/15/43   500     480,445
  Puerto Rico Commonwealth Highway and Transportation Authority,          
  Transportation Revenue Refunding Bonds, Series D, 5.25%, 7/01/12 (a)   750     803,085
  Puerto Rico Commonwealth Infrastructure Financing Authority, Special Tax and          
  Capital Appreciation Revenue Bonds, Series A, 4.34%, 7/01/37 (d)(k)   2,000     398,040
  Puerto Rico Commonwealth Infrastructure Financing Authority, Special Tax and          
  Capital Appreciation Revenue Bonds, Series A, 5.009%, 7/01/44 (d)(k)   2,000     259,680
  Puerto Rico Commonwealth, Public Improvement, GO, Series A, 5.125%,          
  7/01/31   1,825     1,782,660
  Puerto Rico Public Buildings Authority, Government Facilities Revenue Refunding          
  Bonds, Series D, 5.25%, 7/01/12 (a)   1,980     2,116,244
  Puerto Rico Public Buildings Authority, Government Facilities Revenue Refunding          
  Bonds, Series D, 5.25%, 7/01/27   720     718,243
            6,558,397
  Total Municipal Bonds (Cost - $57,224,528) - 142.1%         58,857,931
  Corporate Bonds          
Multi State - 6.8% Charter Mac Equity Issuer Trust, 7.20%, 10/31/52 (l)   2,500     2,805,800
  Total Corporate Bonds (Cost - $2,500,000) - 6.8%         2,805,800
  Municipal Bonds Transferred to Tender Option Bond Trusts (m)          
New York - 6.5% New York State Mortgage Agency, Revenue Refunding Bonds Series 101, 5.40%,          
  4/01/32   2,675     2,684,651
  Total Municipal Bonds Transferred to Tender Option Bond Trusts          
  (Cost - $2,684,936) - 6.5%         2,684,651

3


BlackRock New York Municipal Bond Trust  
Schedule of Investments May 31, 2008 (Unaudited) (Percentages shown are based on Net Assets)
                                       Short-Term Securities Shares                  Value  
  CMA New York Municipal Money Fund, 1.17% (n)(o)      2,221,435   $ 2,221,435  
  Total Short-Term Securities (Cost - $2,221,435) - 5.4%       2,221,435  
  Total Investments (Cost - $64,630,899*) - 160.8%       66,569,817  
  Other Assets Less Liabilities - 2.0%       835,870  
  Liability for Trust Certificates, Including Interest Expenses          
  and Fees Payable - (4.3%)       (1,788,978 )
  Preferred Shares, at Redemption Value - (58.5%)            (24,208,583 )
  Net Assets Applicable to Common Shares - 100.0%     $ 41,408,126  

*  The cost and unrealized appreciation (depreciation) of investments as of May 31, 2008, as computed for federal income tax purposes, were as follows,

          Aggregate cost   $ 62,849,171  
  Gross unrealized appreciation   $ 2,685,938  
  Gross unrealized depreciation     (753,950 )
  Net unrealized appreciation   $ 1,931,988  

(a)       U. S. 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.

 
(b) MBIA Insured.

 
(c) FGIC Insured.

 
(d) AMBAC Insured.

 
(e) ACA Insured.

 
(f) XL Capital Insured.

 
(g) GNMA Collateralized.

 
(h) Radian Insured.

 
(i) Variable rate security. Rate shown is as of report date. Maturity shown is the final maturity date.

 
(j) FNMA Collateralized.

 
(k) Represents a zero coupon bond; the interest rate shown reflects the effective yield at the time of purchase.

 
(l) 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. Unless otherwise indicated, these securities are not considered illiquid.

 
(m) Securities represent bonds transferred to a tender option bond trust in exchange for which the Trust acquired residual interest certificates. These securities serve as a collateral in a financing transaction.

 
(n) 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   1,714,283   $18,540

 
(o)      Represents the current yield as of report date.        

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 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:   July 18, 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:   July 18, 2008
   
By:
/s/ Neal J. Andrews
  Neal J. Andrews
  Chief Financial Officer (principal financial officer) of
  BlackRock New York Municipal Bond Trust
   
Date:   July 18, 2008