bljfinal.htm - Generated by SEC Publisher for SEC Filing

UNITEDSTATES
SECURITIESANDEXCHANGECOMMISSION
Washington,D.C.20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-21050

Name of Fund: BlackRock New Jersey Municipal Bond Trust (BLJ)

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: Donald C. Burke, Chief Executive Officer, BlackRock New
Jersey 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: 08/31/2009

Date of reporting period: 05/31/2009

Item 1 – Schedule of Investments

BlackRock New Jersey Municipal Bond Trust       
Schedule of Investments May 31, 2009 (Unaudited)  (Percentages shown are based on Net Assets) 
      Par   
  Municipal Bonds    (000)  Value 
New Jersey - 133.8%         
Corporate - 10.2%  New Jersey EDA, Solid Waste Disposal Facilities Revenue     
  Bonds (Waste Management Inc.),       
  AMT, Series A, 5.30%, 6/01/15    $ 1,000  $ 968,020 
  New Jersey EDA, Special Facility Revenue Bonds     
  (Continental Airlines Inc. Project), AMT, 7%, 11/15/30  2,335  1,981,761 
  Port Authority of New York and New Jersey,     
  Special Obligation Revenue Bonds       
  (Continental Airlines, Inc. - LaGuardia Project),     
  AMT, 9.125%, 12/01/15    120  120,101 
        3,069,882 
County/City/Special  Essex County, New Jersey, Improvement Authority, Project     
District/School District - 14.7%  Consolidation Revenue Refunding Bonds,     
  5.50%, 10/01/29 (a)    790  844,202 
Hudson County, New Jersey, Improvement Authority,
  Parking Revenue Bonds (Harrison Parking Facility Project),     
  Series C, 5.375%, 1/01/44 (b)    800  823,272 
  Middlesex County, New Jersey, Improvement Authority,     
  Subordinate Revenue Bonds (Heldrich Center     
  Hotel/Conference Project), Series B, 6.25%, 1/01/37  560  286,255 
  Salem County, New Jersey, Improvement Authority Revenue     
Bonds (Finlaw State Office Building Project), 5.25%,
  8/15/38 (c)    100  102,675 
  Vineland, New Jersey, Electric Utility, GO, Refunding, AMT,     
  5.30%, 5/15/29 (a)    1,000  946,950 
  Vineland, New Jersey, Electric Utility, GO, Refunding, AMT,     
  5.375%, 5/15/32 (a)    1,500  1,398,045 
        4,401,399 
Education - 16.6%  New Jersey State Educational Facilities Authority Revenue     
  Bonds (Fairleigh Dickinson University), Series D,     
  6%, 7/01/25    1,000  964,000 
  New Jersey State Educational Facilities Authority Revenue     
  Bonds (Georgian Court College Project), Series C,     
  6.50%, 7/01/13 (d)    630  750,046 

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 list below.

AMT  Alternative Minimum Tax (subject to)  EDR  Economic Development Revenue Bonds 
CABS  Capital Appreciation Bonds  GO  General Obligation Bonds 
COP  Certificates of Participation  S/F  Single-Family 
EDA  Economic Development Authority     

1

BlackRock New Jersey Municipal Bond Trust       
Schedule of Investment May 31, 2009 (Unaudited)  (Percentages shown are based on Net Assets) 
      Par   
  Municipal Bonds    (000)  Value 
  New Jersey State Educational Facilities Authority Revenue     
  Bonds (Montclair State University), Series J,     
  5.25%, 7/01/38    $ 180  $ 182,720 
  New Jersey State Educational Facilities Authority, Revenue     
                                     Refunding Bonds (College of New Jersey), Series D,
  5%, 7/01/35 (c)    1,010  1,032,160 
  New Jersey State Educational Facilities Authority, Revenue     
  Refunding Bonds (Fairleigh Dickinson University), Series C,     
  6%, 7/01/20    1,000  995,140 
  New Jersey State Educational Facilities Authority, Revenue     
  Refunding Bonds (Fairleigh Dickinson University), Series C,     
  5.50%, 7/01/23    500  462,535 
  New Jersey State Educational Facilities Authority, Revenue     
  Refunding Bonds (Georgian Court University), Series D, 5%,     
  7/01/33    150  121,236 
  New Jersey State Educational Facilities Authority, Revenue     
  Refunding Bonds (University of Medicine and Dentistry),     
  Series B, 7.50%, 12/01/32    450  467,959 
        4,975,796 
Health - 37.2%  New Jersey EDA, First Mortgage Revenue Bonds (Lions Gate     
  Project), Series A, 5.75%, 1/01/25    150  123,581 
  New Jersey EDA, First Mortgage Revenue Bonds (Lions Gate     
  Project), Series A, 5.875%, 1/01/37    265  196,325 
  New Jersey EDA, First Mortgage Revenue Refunding Bonds     
  (The Winchester Gardens at Ward Homestead Project),     
  Series A, 5.80%, 11/01/31    2,500  2,037,250 
  New Jersey EDA, Retirement Community Revenue Refunding     
  Bonds (Seabrook Village, Inc.), 5.25%, 11/15/26  470  341,074 
  New Jersey Health Care Facilities Financing Authority,     
  Health System Revenue Bonds (Catholic Health East), Series     
  A, 5.375%, 11/15/12 (d)    2,000  2,249,260 
                                     New Jersey Health Care Facilities Financing Authority
  Revenue Bonds (Hospital Asset Transformation Program),     
  Series A, 5.25%, 10/01/38    500  501,795 
                                     New Jersey Health Care Facilities Financing Authority
  Revenue Bonds (Meridian Health),       
  Series I, 5%, 7/01/38 (b)    250  243,997 
                                     New Jersey Health Care Facilities Financing Authority
  Revenue Bonds (South Jersey Hospital System),     
  6%, 7/01/12 (d)    2,500  2,826,950 
                                     New Jersey Health Care Facilities Financing Authority
  Revenue Bonds (Virtua Health), 5.50%, 7/01/38 (b)  400  397,108 
  New Jersey Health Care Facilities Financing Authority,     
  Revenue Refunding Bonds (Atlantic City Medical Center),     
  5.75%, 7/01/25    1,110  1,124,319 

2

BlackRock New Jersey Municipal Bond Trust       
Schedule of Investments May 31, 2009 (Unaudited)  (Percentages shown are based on Net Assets) 
      Par   
  Municipal Bonds    (000)     Value 
  New Jersey Health Care Facilities Financing Authority,     
                                     Revenue Refunding Bonds (Saint Barnabas Health Care
  System), Series B, 5.901%, 7/01/30 (e)  $ 500  $ 78,740 
  New Jersey Health Care Facilities Financing Authority,     
                                     Revenue Refunding Bonds (Saint Barnabas Health Care
  System), Series B, 5.696%, 7/01/36 (e)  3,600  319,788 
  New Jersey Health Care Facilities Financing Authority,     
                                     Revenue Refunding Bonds (Saint Barnabas Health Care
  System), Series B, 5.761%, 7/01/37 (e)  3,600  292,464 
  New Jersey Health Care Facilities Financing Authority,     
  Revenue Refunding Bonds (South Jersey Hospital System),     
  5%, 7/01/46    500  424,970 
        11,157,621 
Housing - 6.0%  New Jersey State Housing and Mortgage Finance Agency     
  Revenue Bonds, Series AA, 6.375%, 10/01/28  1,000  1,092,550 
  New Jersey State Housing and Mortgage Finance Agency     
  Revenue Bonds, Series AA, 6.50%, 10/01/38  450  483,161 
  New Jersey State Housing and Mortgage Finance Agency,     
                                     S/F Housing Revenue Refunding Bonds, AMT, Series T,
  4.70%, 10/01/37    250  214,355 
        1,790,066 
State - 30.1%  Garden State Preservation Trust of New Jersey Revenue     
  Bonds, CABS, Series B, 5.240%, 11/01/27 (c)(e)  4,000  1,620,600 
  New Jersey EDA, Cigarette Tax Revenue Bonds,     
  5.75%, 6/15/34 (f)    2,000  1,588,240 
  New Jersey EDA, EDR, Refunding (Kapkowski Road Landfill     
  Reclamation Improvement District Project),     
  6.50%, 4/01/28    2,250  1,816,267 
  New Jersey EDA, Revenue Bonds (Newark Downtown District     
  Management Corporation), 5.125%, 6/15/37  250  183,842 
  New Jersey EDA, School Facilities Construction Revenue     
  Bonds, Series Z, 5.50%, 12/15/34 (b)    1,000  1,063,470 
  New Jersey EDA, School Facilities Construction Revenue     
  Bonds, Series Z, 6%, 12/15/34 (b)    1,000  1,101,620 
  New Jersey EDA, School Facilities Construction, Revenue     
  Refunding Bonds, Series AA, 5.50%, 12/15/29  375  387,859 
                                     New Jersey State, COP (Equipment Lease Purchase
  Agreement), Series A, 5.25%, 6/15/28  200  200,614 
  New Jersey State Transportation Trust Fund Authority,     
  Transportation System Revenue Bonds,     
  Series A, 5.625%, 12/15/28 (b)    200  212,984 
  New Jersey State Transportation Trust Fund Authority,     
  Transportation System Revenue Bonds,     
  Series A, 6%, 12/15/38    500  541,915 

3

BlackRock New Jersey Municipal Bond Trust       
Schedule of Investments May 31, 2009 (Unaudited)  (Percentages shown are based on Net Assets) 
      Par   
  Municipal Bonds    (000)  Value 
  New Jersey State Transportation Trust Fund Authority,     
  Transportation System Revenue Bonds,     
  Series C, 4.839%, 12/15/32 (c)(e)    $ 1,250  $ 294,575 
        9,011,986 
Tobacco - 1.2%  Tobacco Settlement Financing Corporation of New Jersey,     
  Asset-Backed Revenue Refunding Bonds,     
  Series 1A, 4.50%, 6/01/23    390  342,958 
Transportation - 17.3%  New Jersey State Turnpike Authority, Turnpike Revenue     
  Bonds, Series E, 5.25%, 1/01/40    400  406,004 
  Port Authority of New York and New Jersey, Consolidated     
  Revenue Bonds, AMT, 126th Series, 5.25%, 5/15/37 (a)(g)  2,250  2,118,173 
  Port Authority of New York and New Jersey, Consolidated     
  Revenue Refunding Bonds, 125th Series, 5%, 4/15/32 (c)  1,500  1,523,910 
  Port Authority of New York and New Jersey, Consolidated     
  Revenue Refunding Bonds, AMT,       
  152nd Series, 5.75%, 11/01/30    525  533,132 
  Port Authority of New York and New Jersey, Consolidated     
  Revenue Refunding Bonds, AMT,       
  152nd Series, 5.25%, 11/01/35    630  597,416 
        5,178,635 
Utilities - 0.5%  Rahway Valley Sewerage Authority, New Jersey, Sewer     
  Revenue Bonds, CABS, Series A, 4.390%, 9/01/33 (a)(e)  650  156,481 
  Total Municipal Bonds in New Jersey    40,084,824 
Multi-State - 7.2%         
Housing - 7.2%  Charter Mac Equity Issuer Trust, 7.20%, 10/31/52 (h)(i)  2,000  2,173,020 
Puerto Rico - 13.4%         
Housing - 0.9%  Puerto Rico Housing Financing Authority, Capital Funding     
  Program, Subordinate Revenue Refunding Bonds,     
  5.125%, 12/01/27    265  270,902 
State - 2.4%  Puerto Rico Commonwealth Infrastructure Financing     
  Authority, Special Tax Revenue Bonds, CABS,     
  Series A, 4.356%, 7/01/37 (e)(j)    1,750  211,173 
                                             Puerto Rico Commonwealth Infrastructure Financing
  Authority, Special Tax Revenue Bonds, CABS, Series A,     
  4.526%, 7/01/43 (e)(j)    1,000  76,560 
                                             Puerto Rico Public Buildings Authority, Government
  Facilities Revenue Refunding Bonds, Series M-3,     
  6%, 7/01/27 (a)(k)    425  426,743 
        714,476 
Transportation - 3.5%  Puerto Rico Commonwealth Highway and Transportation     
  Authority, Highway Revenue Refunding Bonds, Series CC,     
  5.50%, 7/01/31 (b)    1,000  1,047,160 

4

BlackRock New Jersey Municipal Bond Trust       
Schedule of Investments May 31, 2009 (Unaudited)  (Percentages shown are based on Net Assets) 
      Par   
  Municipal Bonds    (000)     Value 
Utilities - 6.6%  Puerto Rico Electric Power Authority, Power Revenue Bonds,     
  Series II, 5.25%, 7/01/12 (d)    $ 1,750  $ 1,974,280 
  Total Municipal Bonds in Puerto Rico    4,006,818 
  Total Long Term Investments       
  (Cost - $48,795,843) - 154.4%      46,264,662 
  Short-Term Securities    Shares   
Money Market Fund - 1.8%  CMA New Jersey Municipal Money Fund, 0.11% (l)(m)   550,167  550,167 
  Total Short-Term Securities       
  (Cost - $550,167) - 1.8%      550,167 
  Total Investments (Cost - $49,346,010*) - 156.2%    46,814,829 
  Other Assets Less Liabilities - 7.9%      2,354,396 
  Preferred Shares, at Redemption Value - (64.1)%  (19,201,827) 
  Net Assets Applicable to Common Shares - 100.0%  $ 29,967,398 

* The cost and unrealized appreciation (depreciation) of investments as of May 31, 2009, as

computed for federal income tax purposes, were as follows:

Aggregate cost  $ 49,238,083 
Gross unrealized appreciation  $ 1,995,464 
Gross unrealized depreciation  (4,418,718) 
Net unrealized depreciation  $ (2,423,254) 

(a) NPFGC Insured.
(b) Assured Guaranty Insured.
(c) FSA Insured.
(d) 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.
(e) Represents a zero-coupon bond. Rate shown reflects the current yield as of report date.
(f) Radian Insured.
(g) FGIC Insured.
(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, and is subject to mandatory
redemption at maturity.

(j) AMBAC Insured.
(k) Commonwealth Guaranteed.
(l) Represents the current yield as of report date.
(m) 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:

  Net   
Affiliate  Activity  Income 
CMA New Jersey Municipal Money Fund  (278,040)  $38,603 

5

BlackRock New Jersey Municipal Bond Trust

Schedule of Investments May 31, 2009 (Unaudited)

Ÿ Effective September 1,2008 the Trust adopted Financial Accounting Standards Board
Statement of Financial Accounting Standards No. 157, "Fair Value Measurements" ("FAS 157").
FAS 157 clarifies the definition of fair value, establishes a framework for measuring fair
values and requires additional disclosures about the use of fair value measurements. Various
inputs are used in determining the fair value of investments, which are as follows:

Ÿ Level 1 - price quotations in active markets/exchanges for identical securities
Ÿ 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)

Ÿ 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 methodology 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 Trust's most recent financial statements as contained in its semi-annual report.

The following table summarizes the inputs used as of May 31, 2009 in determining the fair
valuation of the Trust's investments:

Valuation  Investments in 
Inputs  Securities 
  Assets 
Level 1  $ 550,167 
Level 2  46,264,662 
Level 3  - 
Total  $ 46,814,829 

6

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 13(a)-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 Jersey Municipal Bond Trust

By: /s/ Donald C. Burke
Donald C. Burke
Chief Executive Officer of
BlackRock New Jersey Municipal Bond Trust

Date: July 15, 2009

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 Jersey Municipal Bond Trust

Date: July 15, 2009

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

Date: July 15, 2009