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A parched municipal bond market will get what buyers want: a hefty blast of new supply this week. And it’s coming from two big, market-friendly names – New York City and Los Angeles Schools.

The municipal bond market will be combing through President Trump’s $1.5 trillion infrastructure and budget proposal to see what’s in store for the public finance sector.

Action in the primary muni market has been slow and low in 2018 and yields have spiked recently, with investors increasingly moving to the sidelines to wait for calmer waters. However, some view this as a buying opportunity and are urging others to jump in with them.

Will President Trump trumpet infrastructure in his State of the Union address? Will there be specifics on a plan? Will the Federal Open Market Committee recommend a rate hike? The market will be watching.

State officials cited the need to package its $800 special tax obligation bond sale separately from their general obligation credit.

Chicago’s Sales Tax Securitization Corp. returns to the municipal bond market this week, offering high-yielding, high-rated paper to buyers hungry for supply.

This week's negotiated calendar is headlined by taxable deals from Stanford Health Care, the Pennsylvania Commonwealth Financing Authority and the Illinois Finance Authority while Massachusetts is set to sell two big tax-free competitive offerings

The primary market is set for yet another week of hyperactivity as issuers make one final push to get advance refundings done before they disappear.

With another $20-plus billion on the docket, it's expected to be another frenzy-filled week in the municipal primary market. Issuers continue to sprint to market ahead of the looming tax bill that will alter the market’s landscape. Investor demand won’t be short either, as both traditional and crossover buyers will be fighting for allocations.

“When our residents think of municipal finance, they don’t think of civic engagement,” said Cambridge city manager Louis DePasquale. “But we’ve really worked hard to make a change on that, and now they do.”