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, 2006               

Date of reporting period:           May 31, 2006               

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 (unaudited)
MAY 31, 2006

BlackRock New York Municipal Bond Trust (BQH)

  Principal              
    Amount           Option Call    
Rating1       (000)            Description       Provisions2   Value  
      LONG-TERM INVESTMENTS—153.2%            
        Multi-State—6.5%            
Baa1   $2,500 3 Charter Mac Equity Issuer Trust, Ser. B-2, 7.20%, 10/31/52       10/14 @ 100   $  2,800,675  
        New York—115.0%            
        Albany Indl. Dev. Agcy. RB, New Covenant Charter Sch. Proj.,            
NR   200       Ser. A, 7.00%, 5/01/25       05/15 @ 102   190,430  
NR   130       Ser. A, 7.00%, 5/01/35       05/15 @ 102   121,160  
        Dorm. Auth. RB,            
AA-   2,750 4     City Univ. Proj., Ser. A, 5.25%, 7/01/11       N/A   2,942,776  
AAA   2,500       Iona Coll. Proj., 5.125%, 7/01/32, XLCA       07/12 @ 100   2,598,275  
BB+   500       Mt. Sinai NYU Hlth. Proj., 5.50%, 7/01/26       07/08 @ 100   507,005  
AAA   2,500       Willow Towers, Inc. Proj., 5.40%, 2/01/34       08/12 @ 101   2,633,150  
AA   2,000   Dutchess Cnty. Ind. Dev. Agcy. Civic Facs. RB, Vassar Coll. Proj., 5.35%, 9/01/40       08/11 @ 101   2,107,980  
AAA   2,750 5 Env. Facs. Corp. RB, Mun. Wtr. Proj., Ser. D, 5.125%, 6/15/31       06/12 @ 100   2,866,353  
AA-   1,000   Liberty Dev. Corp. RB, 5.25%, 10/01/35       No Opt. Call   1,081,950  
A   3,000   Met. Transp. Auth. RB, Ded. Tax Fund, Ser. A, 5.125%, 11/15/31       11/12 @ 100   3,100,410  
Aa1   2,980   Mtg. Agcy. RB, Ser. 101, 5.40%, 4/01/32       10/11 @ 100   3,040,464  
AA-   3,000   New York City GO, Ser. D, 5.375%, 6/01/32       06/12 @ 100   3,155,730  
A2   1,100   New York City Hlth. & Hosp. Corp. Hlth. Sys. RB, Ser. A, 5.375%, 2/15/26       02/12 @ 100   1,128,908  
AA   2,500   New York City Hsg. Dev. Corp. Multi-Fam. Hsg. RB, Ser. A, 5.50%, 11/01/34       05/12 @ 100   2,552,875  
        New York City Indl. Dev. Agcy. RB,            
B-   1,250       American Airlines, JFK Intl. Arpt. Proj., 7.625%, 8/01/25       08/16 @ 101   1,386,300  
B-   1,000       American Airlines, JFK Intl. Arpt. Proj., 7.75%, 8/01/31       08/16 @ 101   1,114,260  
AAA   2,500   New York City Mun. Wtr. Fin. Auth. RB, Ser. A, 5.25%, 6/15/33, FGIC       06/11 @ 100   2,606,325  
BBB   1,445   New York Cntys. Tobacco Trust III RB, 6.00%, 6/01/43       06/13 @ 100   1,510,198  
        Port Auth. of NY & NJ RB,            
AAA   2,750       Ser. 126, 5.25%, 5/15/37, FGIC       05/12 @ 101   2,877,572  
Caa2   2,600       Contl./Eastn. LaGuardia Proj., 9.125%, 12/01/15       07/06 @ 100   2,642,822  
        Suffolk Cnty. Indl. Dev. Agcy. RB,            
BBB-   260       Jeffersons Ferry Proj., 5.00%, 11/01/28       11/16 @ 100   256,916  
A   500       Keyspan Port Jefferson Proj., 5.25%, 6/01/27       06/13 @ 100   511,435  
AAA   3,000 4 TSASC, Inc., Tobacco Settlement RB, Ser. 1, 5.75%, 7/15/12       N/A   3,316,230  
AAA   5,000 4 Urban Dev. Corp. RB, Ser. A, 5.25%, 3/15/12       N/A   5,386,050  
                    49,635,574  
        Puerto Rico—31.7%            
BBB   3,650   Children’s Trust Fund Tobacco Settlement RB, 5.625%, 5/15/43       05/12 @ 100   3,746,287  
A3   2,000   Elec. Pwr. Auth. RB, Ser. 2, 5.25%, 7/01/31       07/12 @ 101   2,046,140  
AAA   2,000 4 Hwy. & Transp. Auth. RB, Ser. D, 5.25%, 7/01/12       N/A   2,161,500  
        Pub. Bldgs. Auth. Gov’t. Facs. RB,            
A-   1,980 4     Ser. D, 5.25%, 7/01/12       N/A   2,128,757  
BBB   720       Ser. D, 5.25%, 7/01/27       07/12 @ 100   738,007  
        Pub. Impvt. GO,            
AAA   925 4     Ser. A, 5.125%, 7/01/11       N/A   986,744  
BBB   1,825       Ser. A, 5.125%, 7/01/31       07/11 @ 100   1,846,444  
                    13,653,879  
        Total Long-Term Investments (cost $62,042,811)           66,090,128  

1

BlackRock New York Municipal Bond Trust (BQH)

                     
        Shares                
        (000)       Description           Value  
          MONEY MARKET FUND—0.1%            
        50   AIM Tax Free Investment Co. Cash Reserve Portfolio (cost $50,000)           $       50,000  
            Total Investments—153.3% (cost $62,092,8116)           $ 66,140,128  
            Other assets in excess of liabilities—2.8%           1,210,443  
            Preferred shares at redemption value, including dividends payable—(56.1)%           (24,202,001)  
            Net Assets Applicable to Common Shareholders—100%           $ 43,148,570  

1   Using the higher of Standard & Poor’s, Moody’s Investors Service 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   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 May 31, 2006, the Trust held 6.5% of its net assets, with a current market value of $2,800,675, in securities restricted as to resale.  
4   This bond is prerefunded. 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.  
5   Security pledged as collateral.  
6   Cost for Federal income tax purposes is $62,085,302. The net unrealized appreciation on a tax basis is $4,054,826, consisting of $4,090,562 gross unrealized appreciation and $35,736 gross unrealized depreciation.  

KEY TO ABBREVIATIONS

FGIC — Financial Guaranty Insurance Co. RB —   Revenue Bond
GO — General Obligation XLCA —   XL Capital Assurance
 

2

Item 2. Controls and Procedures.
(a) The Registrant's principal executive and principal financial officers have evaluated the Registrant's disclosure controls and procedures within 90 days of this filing and have concluded, as of that date, that the Registrant’s disclosure controls and procedures were reasonably designed to ensure that information required to be disclosed by the Registrant in this Form N-Q was recorded, processed, summarized, and reported within the required time periods and that information to be disclosed by the Registrant in this Form N-Q was accumulated and communicated to the Registrant’s management, including its principal executive and principal financial officers, as appropriate, to allow timely decisions regarding required disclosure.

(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 (17 CFR 270.30a-3(d)) 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.
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 and Principal Financial Officer
Date: July 26, 2006

     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: President and Principal Executive Officer
Date: July 26, 2006

By:       /s/   Henry Gabbay                
Name: Henry Gabbay
Title: Treasurer and Principal Financial Officer
Date: July 26, 2006