SAN FRANCISCO - With eager buyers allowing California to upsize this week's general obligation bond issue to the fourth-largest municipal bond sale on record, the state has gone a long way toward easing its infrastructure financing crunch.

California had planned to price $4 billion of GO bonds yesterday. Buoyed by some $3.2 billion in orders from retail investors lured by yields as high as 6.1%, final pricing was moved a day ahead to Tuesday, closing out at $6.54 billion - the biggest muni deal in more than four years.

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