Oregon

Munis again outperformed U.S. Treasuries. Participants note that municipal to Treasury ratios and nominal yield levels are “extremely attractive,” which is generating some renewed interest among the retail crowd.

An appeals court ruled the state won't have to pay $1.2 billion in total damages in a forest management lawsuit.

The Fitch Ratings upgrade to A-plus applies to $80 million in debt issued for the University of Portland in Oregon.

Oregon Treasurer Tobias Read called off a lottery bond sale planned in 2020 after lottery revenues cratered because of pandemic-related business closures.

Oregon Gov. Kate Brown called the availability of the surplus "a pivotal moment" for the state.

Between unspent money from last year and excess revenues, Oregon lawmakers have nearly $1 billion of extra money to spend.

Much of the Oregon Health & Science University deal funds a hospital expansion, but it also includes a tender exchange and a privately placed forward refunding.

New money volume in the Far West was up 31.9% to $29.5 billion, while refunding volume rose a more modest 11%.

The question looms as to what point heightened wildfire activity becomes a significant risk for municipal debt.

The bulk of $743 billion in improvements needed to alleviate climate risk and aging infrastructure would be borne by the utilities, a rating agency says.