It's time to give the Deschutes steelhead a break. The bulk of them are wore down and either getting ready to spawn or have already started. If you still have the steelhead bug there are plenty of other rivers around Oregon that are fishing or should be as soon as they get some water. Here is a steelhead that we stumbled on a week or so ago when we got that bit of rain in Western Oregon.
If trout fishings your game then the Deschutes River can be plenty good this time of year. There are already some random BWO's showing up so there is a chance for some dry fly fishing. But the bulk of the fishing for trout right now is nymphing. If you were to make your way down to the Deschutes right now the one two combo I'd throw at them right now would be a Stonefly Nymph of sort and probably a Pheasant Tail or Hares Ear.
The Owyhee is in between bug hatches right now. Here soon we should start getting some BWO hatches going. Then not long after the Blue Wing Olives ramp up the mother of all hatches that hit the Owyhee River. The Skwallas usually start showing up around the end of February or sometime in early March. Who knows but if the weather continues to be so warm and dry the Skwallas could even show up earlier this year.
Good Luck and Tight Lines
Deschutes River Anglers