Summary –
This week’s performance of ASX-listed floating rate notes highlights key trends in investor sentiment and yield opportunities across select issuers. Centuria Capital’s floating rate note (C2FHA), maturing in April 2026, recorded a significant weekly price decline of 3.57%, despite offering a compelling running yield of 7.55%. The negative trading margin of -0.88% suggests cautious market behavior, possibly driven by short-term volatility or profit-taking. In contrast, Australian Unity’s Bond Series D (AYUHD), maturing in December 2026, experienced a more modest weekly dip of 0.96%. With a positive trading margin of 1.55% and a running yield of 5.61%, this bond continues to attract medium-term investors seeking stable returns. Meanwhile, Australian Unity’s longer-dated Bond Series E (AYUHE), maturing in December 2028, showed the smallest weekly decline at 0.62%, supported by a strong trading margin of 1.65% and a running yield of 5.85%. This resilience indicates investor confidence in long-term income-generating assets. Overall, while weekly price movements were negative across the board, the attractive yields and positive trading margins (excluding Centuria) reinforce the appeal of floating rate notes in a rising interest rate environment. Investors may be recalibrating portfolios ahead of year-end, favoring instruments with stable returns and longer maturities.
Figure 1: ASX-Listed Notes
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% -0.88% -3.57% 102.48 7.55% Australian Unity AYUHD Bond Series D 15-Dec-26 2.15% 1.55% -0.96% 99.3 5.61% Australian Unity AYUHE Bond Series E 15-Dec-28 2.50% 1.65% -0.62% 100.99 5.85%
For a full breakdown of trading activity, margin changes, and performance insights, visit the