Next week's issuance is led by a mammoth competitive Georgia general obligation deal scheduled to come on Tuesday that totals nearly $1 billion.
The deal is coming in five parts, ranging from $325.4 million to $13.8 million. The deal is not yet rated.
"The recent surge in primary market activity leads us to believe that we may be in the throes of the final push by state and local governments to raise capital before the summer," John Dillon, chief municipal bond strategist and managing director at Morgan Stanley, wrote in a report released on Friday.
Competitive issuance has remained low in recent weeks with only one competitive deal totaling over $100 million auctioned this week.
The two largest negotiated issuances scheduled to price next week are $900 million Texas Department of Transportation GO mobility fund refunding bonds expected on Wednesday, and $590 million Oregon tax anticipation notes on Tuesday.
Bank of America Merrill Lynch will price the Texas DOT refunding bonds, which earned triple-A ratings from the three major rating agencies.
The Oregon tax anticipation notes will be sold by Citigroup Global Markets and received a MIG 1 from Moody's Investors Service, SP-1-plus from Standard & Poor's and F1-plus from Fitch Ratings
Municipal bond yields held steady across the curve on Friday, according to Municipal Market Data's AAA scale.
Treasuries were mixed on Friday with the two-year note's yields rising by four basis points to 0.46%, the 10-year increasing by two basis points to 2.6%, and the 30-year dropping by one basis point to 3.4%.
