Biggest Rally of ’13 Signaling Fifth April Rebound

Biggest Rally of ’13 Signaling Fifth April Rebound

Patrick T. Fallon/Bloomberg

California, the most-indebted U.S. state, increased its general-obligation offer last week to $2.7 billion from $2 billion because of market reception that Tom Dresslar, spokesman for Treasurer Bill Lockyer, called “very positive.”