DWS' Staples on Yield Curve: Macro Matters

Interest rates could remain higher than the previous few cycles, with an upward sloping yield curve by the end of 2024, Gregory Staples, DWS Investment Management’s head of fixed income in North America, says on this episode of Bloomberg Intelligence’s FICC Focus Podcast.  In this Macro Matters edition, Chief US Interest Rate Strategist Ira Jersey is joined by Staples, who talks about his role at DWS and the variety of strategies he helps to manage. Among other topics, Staples discusses the differences in managing fixed income investments for insurance companies and mutual funds, his short- and longer-term view for markets, and what sectors may be at risk given DWS’ expectation for a midyear economic slowdown.  In the Interest Rate Intro segment, BI Strategy Associate Will Hoffman asks Jersey about the average time it took the Federal Reserve to cut interest rates historically after reaching the peak. As a second question, Hoffman inquires about what factors tend to influence TIPS real yields. Listeners can hear more about this topic, which was covered in our Oct. 27 FICC Focus Podcast.