Sector Investment 24-Hour Briefing

Last updated: March 14, 2026, 8:38 AM ET

Infrastructure &Real Estate

California's MCERA issued an RFP for investment consulting services, signaling a potential shift in how the public pension fund manages its $100 billion portfolio. The move follows a period of increased scrutiny over infrastructure asset allocation strategies. Meanwhile, Savills secured a $921m deal to acquire Eastdil, a US-based investment bank, significantly expanding its capabilities in the American market. The acquisition, which includes Eastdil's $1.5 billion in assets under management, is designed to minimize redundancy and accelerate Savills' ambition to offer integrated investment banking services to its clients.

Fixed Income

Japanese government bonds extended gains by 0.3% as traders increasingly priced in a September Fed rate cut, with U.S. Treasury yields falling 5 basis points. However, U.S. airline bonds weakened 2.1% amid concerns over rising jet fuel costs, which spiked 8% on Middle East supply fears. Chicago's planned $500 million muni bond sale tested investor appetite amid geopolitical uncertainty, with yields rising 3 basis points.