Summary:
Yield-driven investors had reasons to be upbeat during the week of 21–25 July, as several ASX-listed floating rate notes showed notable momentum. Trading margins tightened, and running yields surged, offering strong relative returns—especially for those targeting short-to-medium maturities.
Centuria Capital’s C2FHA note stood out as the week’s top performer, boasting an impressive 8.02% running yield and a substantial +3.11% weekly margin change, closing at 101.25. The sharp margin increase and elevated yield signal growing demand for mid-tier credit exposure with shorter durations.
Australian Unity’s AYUHD and AYUHE notes also showed consistent strength:
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AYUHD: Margin shift of +0.93%, closing at 100.25, with a 5.93% running yield
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AYUHE: Margin shift of +0.77%, closing at 100.65, delivering a 6.27% running yield
These movements reflect sustained demand among defensive investors, especially as inflation forecasts and rate expectations prompt more selective positioning.
ASX-LISTED FLOATING RATE NOTES
COMPANY CODE BOND
TYPEMATURITY ISSUE
MARGINTRADING
MARGINΔ WEEK WEEK
CLOSERUNNING
YIELD**Centuria Capital C2FHA Note 20-Apr-26 4.25% 5.80% 3.11% 101.25 8.02% Australian Unity AYUHD Bond Series D 15-Dec-26 2.15% 3.44% 0.93% 100.25 5.93% Australian Unity AYUHE Bond Series E 15-Dec-28 2.50% 3.04% 0.77% 100.65 6.27%
For a full breakdown of trading activity, margin changes, and performance insights, visit the