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:   November 30, 2005

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, 2005 (Unaudited)

BlackRock New York Municipal Bond Trust (BQH)

 
Principal
       
 
Amount
  Option Call    
Rating1  
(000)
Description Provisions2   Value
      LONG-TERM INVESTMENTS—149.8%      
        Multi-State—6.7%      
Baa1   $2,500 3 Charter Mac Equity Issuer Trust, Ser. B-2, 7.20%, 10/31/52 10/14 @ 100   $ 2,831,675  
        New York—110.9%      
        Albany Indl. Dev. Agcy., New Covenant Charter Sch. Proj.,     
NR   200       Ser. A, 7.00%, 5/01/25 05/15 @ 102   195,232  
NR   130       Ser. A, 7.00%, 5/01/35 05/15 @ 102   124,666  
        Dorm. Auth.,      
AA-   285       City Univ. Proj., Ser. A, 5.25%, 7/01/31 07/11 @ 100   309,293  
AAA   2,500       Iona Coll. Proj., 5.125%, 7/01/32 07/12 @ 100   2,603,850  
BB+   500       Mt. Sinai NYU Hlth. Proj., 5.50%, 7/01/26 07/08 @ 100   506,640  
AAA   2,500       Willow Towers, Inc. Proj., 5.40%, 2/01/34 08/12 @ 101   2,646,600  
AA   2,000   Dutchess Cnty. Ind. Dev. Agcy., Civic Facs. Rev., Vassar Coll. Proj., 5.35%, 9/01/40    08/11 @ 101   2,122,100  
AAA   2,750 4 Env. Facs. Corp., Mun. Wtr. Proj., Ser. D, 5.125%, 6/15/31 06/15 @ 100   2,873,118  
A   3,000   Met. Transp. Auth., Ded. Tax Fund, Ser. A, 5.125%, 11/15/31 11/15 @ 100   3,108,870  
NR   2,980   Mtg. Agcy., Ser. 101, 5.40%, 4/01/32 10/11 @ 100   3,048,391  
A2   1,100   New York City Hlth. & Hosp. Corp., Hlth. Sys., Ser. A, 5.375%, 2/15/26 02/12 @ 100   1,135,838  
AA   2,500   New York City Hsg. Dev. Corp., Multi-Fam. Hsg. Rev., Ser. A, 5.50%, 11/01/34 05/12 @ 100   2,559,425  
B-   600   New York City Indl. Dev. Agcy., 7.75%, 8/01/31 08/16 @ 101   579,432  
AAA   2,500   New York City Mun. Wtr. Fin. Auth., Ser. A, 5.25%, 6/15/33 06/11 @ 100   2,609,475  
A+   3,000   New York City, GO, Ser. D, 5.375%, 6/01/32 06/12 @ 100   3,165,270  
        New York Cntys. Tobacco Trust III,      
NR   5,850       Zero Coupon, 6/01/38 06/15 @ 26.19   862,524  
BBB   1,445       6.00%, 6/01/43 06/13 @ 100   1,507,756  
AA-   2,465   New York Dorm. Auth., City Univ. Proj., Ser. A, 5.25%, 7/01/31 07/11 @ 100   2,675,117  
AAA   2,750   Port Auth. of NY & NJ, Ser. 126, 5.25%, 5/15/37, FGIC 05/12 @ 101   2,884,832  
Caa2   2,600   Port Auth. of NY & NJ, Contl./Eastn. LaGuardia Proj., 9.125%, 12/01/15 01/06 @ 100   2,606,656  
A   500   Suffolk Cnty. Indl. Dev. Agcy., Keyspan Port Jefferson Proj., 5.25%, 6/01/27 06/13 @ 100   514,960  
BBB   3,000   TSASC, Inc., Tobacco Settlement Rev., Ser. 1, 5.75%, 7/15/32 07/12 @ 100   3,067,170  
AA   5,000   Urban Dev. Corp., Ser. A, 5.25%, 3/15/32 03/15 @ 100   5,459,600  
              47,166,815  
        Puerto Rico—32.2%      
BBB   3,650   Children’s Trust Fund Tobacco Settlement Rev., 5.625%, 5/15/43 05/12 @ 100   3,705,371  
A-   2,000   Elec. Pwr. Auth., Ser. 2, 5.25%, 7/01/31 07/12 @ 101   2,069,340  
AAA   2,000 5 Hwy. & Transp. Auth., Ser. D, 5.25%, 7/01/12 N/A   2,175,680  
        Pub. Bldgs. Auth., Gov’t. Facs.,      
A-   1,980 5     Ser. D, 5.25%, 7/01/12 N/A   2,153,923  
BBB   720       Ser. D, 5.25%, 7/01/27 07/12 @ 100   740,095  
        Pub. Impvt.,      
AAA   925 5     Ser. A, 5.125%, 7/01/31 N/A   1,000,471  
BBB   1,825       Ser. A, 5.125%, 7/01/31 07/11 @ 100   1,848,287  
              13,693,167  
        Total Long-Term Investments (cost $59,800,766)     63,691,657  

1

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

 
Shares
       
   
(000)
Description     Value
      MONEY MARKET FUND—4.1%      
    1,750   AIM Tax Free Investment Co. Cash Reserve Portfolio (cost $1,750,000)     $ 1,750,000  
        Total Investments—153.9% (cost $61,550,7666)     $ 65,441,657  
        Other assets in excess of liabilities—3.0%     1,281,315  
        Preferred shares at redemption value, including dividends payable—(56.9)%     (24,201,791)  
        Net Assets Applicable to Common Shareholders—100%     $ 42,521,181  

1   Using the higher of Standard & Poor’s, Moody’s Investors Service or Fitch Ratings.  
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 November 30, 2005, the Trust held 6.7% of its net assets, with a current market value of $2,831,675, in securities restricted as to resale.  
4   Security, or a portion thereof, pledged as collateral with a value of $313,431 on 45 short U.S. Treasury Note futures contracts expiring December 2005, 33 short U.S. Treasury Note futures contracts expiring March 2006 and 30 short U.S. Treasury Bond futures contracts expiring March 2006. The value of such contracts on November 30, 2005 was $11,835,516, with an unrealized gain of $150,854.  
5   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.  
6   Cost for Federal tax purposes is $61,543,645. The net unrealized appreciation on a tax basis is $3,898,012, consisting of $3,898,012 gross unrealized appreciation and $0 gross unrealized depreciation. 

KEY TO ABBREVIATIONS

  FGIC   —  Financial Guaranty Insurance Co. GO —  General Obligation  

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 principle executive and principle 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: January 25, 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: January 25, 2006

By:     /s/ Henry Gabbay                                                                                                                   
Name: Henry Gabbay
Title: Treasurer and Principal Financial Officer
Date: January 25, 2006