We present measurements of kilohertz and megahertz sine waves synthesized using a Josephson arbitrary waveform synthesizer. A 4.8 kHz sine wave synthesized using an ac-coupled bias technique is shown to have a stable 121 mV peak voltage and harmonic distortion 101 dB below the fundamental (-101 dBc (carrier)). We also present results of our first phase-noise measurement. A 5.0 MHz sine wave was found to have distortion 33 dB lower than the same signal synthesized using a semiconductor digital code generator. The white-noise floor of the Josephson synthesized signal is -132 dBc/Hz and is limited by the noise floor of the preamplifier.