SAN FRANCISCO — As California emerges from its debt doldrums this month with expected sales of $8 billion of short- and long-term debt, investors are eager for the fresh yield the state will add to a stagnant market.

California has scheduled a $5.4 billion revenue anticipation note sale for Sept. 15 and up to $2.6 billion of general obligation bonds — $1.3 billion of new money and $1.3 billion of refunding, depending on market conditions — for Sept. 20.

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