24 November – 28 November 2025

Summary –

ASX-Listed Floating Rate Notes: Weekly Market Insights

This week, the ASX-listed floating rate notes market showed mixed movements across major issuers. Here’s a quick snapshot of key performers:

  • Centuria Capital (C2FHA): Trading margin slipped by -0.88%, with a notable -3.57% weekly change, closing at $102.48. Despite the dip, the running yield remains strong at 7.55%, making it attractive for yield-focused investors.

  • Australian Unity Series D (AYUHD): Margins held relatively steady with a 1.55% trading margin, though the price softened to $99.30. The running yield sits at 5.61%, appealing for conservative portfolios.

  • Australian Unity Series E (AYUHE): Longer maturity bonds (Dec 2028) saw a slight margin uptick to 1.65%, closing at $100.99. Yield improved to 5.85%, signaling stability for long-term investors.

Key Takeaways for Investors

  • Yield Advantage: Centuria Capital continues to lead with a 7.55% running yield, despite short-term price pressure.
  • Diversification Opportunity: Australian Unity bonds offer moderate yields with varying maturities, ideal for laddering strategies.
  • Market Trend: Overall, trading margins remain tight, suggesting steady demand for floating rate instruments amid interest rate uncertainty.

 Figure 1: ASX-Listed Notes

  • ASX-LISTED FLOATING RATE NOTES

    COMPANYCODEBOND
    TYPE    		MATURITYISSUE
    MARGIN    		TRADING
    MARGIN    		Δ WEEKWEEK
    CLOSE    		RUNNING
    YIELD**
    Centuria CapitalC2FHANote20-Apr-264.25%-0.88%-3.57%102.487.55%
    Australian UnityAYUHDBond Series D15-Dec-262.15%1.55%-0.96%99.35.61%
    Australian UnityAYUHEBond Series E15-Dec-282.50%1.65%-0.62%100.995.85%

 

For a full breakdown of trading activity, margin changes, and performance insights, visit the