In recent weeks YieldReport has noted the recent popularity of floating rate notes (FRNs) and bonds among issuers and investors. Commonwealth Bank has kept the trend intact by issuing $2 billion of new 3 year benchmark FRNs at 3m BBSW + 98bps. This margin is exactly the same as the $2billion worth of NAB 3 year FRNs issued in March. The two banks share the same credit rating and are...