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Treasurer: county portfolio yields rise to 4.22%; monthly investment income tops $1M amid growing economic risk
Summary
Deschutes County Treasurer reported a $302 million portfolio balance, a 4.22% weighted portfolio yield and $1,023,000 in net investment earnings for August; staff cautioned about economic risks including a possible federal government shutdown and changing Fed policy.
County Treasurer Bill (name used in the meeting) briefed commissioners Sept. 24 on the August investment and finance reports, reporting a portfolio balance of roughly $302 million at month end and $1,023,000 in net investment earnings for August. The county’s weighted portfolio yield rose to 4.22% for the month after staff redeployed about $18 million in maturing low‑yield investments into higher‑yield debt with maturities concentrated around April–August 2028.
Why it matters: the county’s investment returns have materially improved from recent years, providing…
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