Aside from FRNs, Schneider also favors some trades that are more widely embraced in the market, such as backing a yield steeper curve and favoring Treasury Inflation-Protected Securities.
“Unless you believe the Fed is going to be unsuccessful -- wildly unsuccessful -- the focus will be on inflationary pressures gradually building over the next year,” he said.
--With assistance from Edward Bolingbroke and Rachel Evans.
This article was provided by Bloomberg News.