Oregon State Treasury http://www.Oregon.gov/Treasury

Cash Management News for Local Governments | October 2026

Oregon State Treasury sent this bulletin at 10/30/2026 01:29 PM PDT

October 2026

Cybersecurity Awareness Month

October is Cybersecurity Awareness Month, an international initiative that educates everyone about online safety and empowers individuals and businesses to protect their data from cybercrime. Even amidst large-scale data breaches and cyberattacks, Cybersecurity Awareness Month reminds everyone that there are simple, effective ways to keep yourself safer online, protect your personal data, and ultimately help secure our world.

The theme of this year’s Cybersecurity Awareness Month is Don’t Make It Easy for Them, and it highlights that staying safe online isn’t about making one perfect decision. Rather, it’s about building habits and repeating them consistently. In doing so, we can all make life difficult for cybercriminals.

Cybersecurity Awareness Month 2026 focuses on the following four easy steps we can take to boost our online safety:

Use strong passwords and a password manager. Strong passwords are long, random, and unique to each account, and a password manager helps generate and save them.
Turn on multifactor authentication (MFA). We need more than a password on our most important accounts like those for e-mail, social media, and financials.
Recognize and report scams. Be cautious of unsolicited messages asking for personal information. Avoid sharing sensitive information or credentials with unknown sources. Report phishing attempts and delete the messages.
Update your software. Ensure your software is up to date, and ensure you have the latest security patches and updates on your devices. Enable automatic updates on software or regularly check for updates if automatic updates are not available.

For more information about ways to stay safer online, visit www.cisa.gov/cybersecurity-awareness-month and www.staysafeonline.org/cybersecurity-awareness-month.

LGIP Holiday

The pool will be closed on Wednesday, November 11, for Veterans Day. Connect will be available, but the system will not allow transactions to settle on the holiday.

OSTF Rates

Avg. Annualized Yield

Sept. 4.02%

Interest Rates

Sept. 1–24 4.00%

Sept. 25–30 4.10%

Credit Market Review

The third quarter of 2026 underscored how resilient growth and strong corporate earnings can support risk assets even as inflation, geopolitics, and fiscal pressure kept interest rates elevated. Despite the headwinds of higher energy prices and a new wave of trade tariffs, global equities reached several record highs during the quarter as the U.S. remained the main engine of developed-market growth, supported by robust business investment, AI-related capital expenditures, and an improving labor market.

The combination of buoyant earnings backdrop and persistent consumer spending also assisted in pushing risk assets to new highs. Year-to-date, U.S. Equities, as measured by the S&P500, ended the quarter up 12.7%. Comparatively, the fixed income market faced a challenging quarter as reliant economic activity and persistent inflation led investors to reassess the outlook for policy rates. Competition for capital also intensified amid growing fiscal deficits and corporate debt issuance to finance the AI buildout. The broader fixed income market, as measured by the Bloomberg U.S. Aggregate Bond Index, returned -3.85% during the third quarter, bringing the index’s year-to-date total return to -2.38%. Longer-dated government bonds underperformed bonds with shorter maturities. At 5.6%, the U.S. 30-year Treasury yield was at its highest levels since 2002. The rise in U.S. yields was driven by real rates, which tracked government bond supply.

Corporate issuance was also pushing government bond yields higher, with U.S. hyperscalers now having issued more than $200 billion in long-term bonds to finance the AI buildout in 2026. Short maturities were not spared either and yields moved in lockstep with rising energy prices. While core inflation remained contained, headline inflation was pushed higher by oil prices above $100 per barrel. This led the Federal Reserve to raise policy rates and signal further tightening. Investment grade credit markets also delivered negative returns, hurt by rising yields and wider spreads. Spreads widened only modestly, given strong corporate fundamentals and steady demand for floating-rate instruments.

Oregon Short Term Fund

The OSTF's paid rate increased from 4.00% to 4.10% on September 25. Should you have questions, contact members of the Fixed Income Team at 503.431.7900.

LGIP: Go Green with Electronic Statements

With the use of Connect, it is easier than ever to receive and view pool account statements electronically. Follow these simple steps to go paperless and start receiving electronic statements: