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FINRA-ICE Data Services Structured Trading Activity Reports

Structured Trading Activity Report TBA Pass-Thru Agency CMO Non-Agency CMO/ABS Daily CMBS Weekly CMBS CBO/CDO/CLO

Weekly CMBS data from 06/08/2026 to 06/12/2026

Pricing Table: Agency CMBS by Deal Vintage
METRIC AGENCY CMBS (P&I) AGENCY CMBS (IO/PO)
PRE-2021 2021 2022 2023 2024 2025 2026 PRE-2021 2021 2022 2023 2024 2025 2026
AVERAGE PRICE 93.8 85.8 80.2 94.8 98.9 97.5 97.3 2.6 * * - - - *
Weighted Avg. Price 96.7 89.5 88.7 99.1 97.6 97.5 96.6 0.4 * * - - - *
Avg. Price Bottom 5 Trades 71.2 68.3 57.1 76.8 86.7 86.9 84.1 1.1 * * - - - *
2nd Quartile Price 92.3 75.0 67.6 95.5 98.6 97.8 96.8 0.4 * * - - - *
3rd Quartile Price 98.0 87.7 87.3 97.6 99.5 98.7 97.5 3.3 * * - - - *
4th Quartile Price 98.9 95.3 90.5 99.5 100.5 99.3 100.0 4.4 * * - - - *
Avg. Price Top 5 Trades 99.7 97.4 96.3 100.9 102.4 100.9 102.4 4.3 * * - - - *
Standard Deviation 7.8 10.3 13.9 7.5 3.7 3.5 4.9 1.8 * * - - - *
VOLUME OF TRADES (000'S) 1,313,145.8 524,917.1 146,384.4 295,258.1 57,445.8 98,146.4 494,537.9 2,252,207.0 * * - - - *
Customer Buy 480,433.2 62,832.5 31,597.4 151,269.9 37,054.2 30,867.6 275,522.8 1,011,512.2 * * - - - *
Customer Sell 602,882.4 210,445.7 59,521.3 120,808.6 12,644.1 47,064.9 20,129.0 1,240,694.8 * * - - - -
Dealer to Dealer 229,830.2 251,638.8 55,265.8 23,179.6 7,747.5 20,214.0 198,886.1 - - - - - - -
<= $1MM 37,223.4 4,748.9 9,069.2 7,333.7 3,889.9 4,263.0 5,111.0 * - - - - - *
<= $10MM 413,381.0 50,522.8 * 49,551.5 38,806.0 47,471.2 167,595.9 24,391.6 * - - - - -
> $10MM 862,541.4 469,645.4 * 238,372.8 * * 321,831.0 2,225,915.9 * * - - - -
NUMBER OF TRADES 345 35 53 46 102 113 64 15 * * - - - *
Customer Buy 113 8 14 14 24 20 42 5 * * - - - *
Customer Sell 124 12 14 12 48 51 6 10 * * - - - -
Dealer to Dealer 108 15 25 20 30 42 16 - - - - - - -
<= $1MM 189 13 47 28 87 99 11 * - - - - - *
<= $10MM 124 9 * 13 14 12 42 7 * - - - - -
> $10MM 32 13 * 5 * * 11 5 * * - - - -

Pricing Table: CMBS Conduit AAA LCF (P&I) by Deal Vintage
METRIC CONDUIT AAA LCF (P&I)
PRE-2021 2021 2022 2023 2024 2025 2026
AVERAGE PRICE 97.0 88.8 * * 102.5 102.9 101.9
Weighted Avg. Price 95.9 89.1 * * 102.5 102.8 101.4
Avg. Price Bottom 5 Trades 88.4 87.6 * * 101.1 101.7 101.5
2nd Quartile Price 96.8 88.2 * * 102.3 103.0 101.1
3rd Quartile Price 98.6 88.7 * * 103.5 103.9 102.1
4th Quartile Price 99.0 89.3 * * 103.9 104.3 103.3
Avg. Price Top 5 Trades 99.7 90.6 * * 103.9 104.1 102.3
Standard Deviation 3.4 1.0 * * 1.7 1.6 1.2
VOLUME OF TRADES (000'S) 447,994.2 686,403.0 * * 26,672.0 13,506.0 30,507.0
Customer Buy 235,230.6 335,800.0 * * 8,132.0 * 12,832.0
Customer Sell 202,788.7 350,603.0 - * 18,520.0 4,156.0 *
Dealer to Dealer 9,975.0 - - - * * -
<= $1MM 18,597.6 2,110.0 * * 3,662.0 1,621.0 *
<= $10MM 253,957.6 - * * * * *
> $10MM 175,439.0 684,293.0 - - * - *
NUMBER OF TRADES 116 31 * * 13 10 8
Customer Buy 45 16 * * 5 * 5
Customer Sell 66 15 - * 7 5 *
Dealer to Dealer 5 - - - * * -
<= $1MM 47 7 * * 10 6 *
<= $10MM 63 - * * * * *
> $10MM 6 24 - - * - *

Pricing Table: CMBS Conduit by Deal Vintage
METRIC CONDUIT AAA (P&I) CONDUIT AAA (IO/PO) CONDUIT IG (P&I) CONDUIT IG (IO/PO) CONDUIT HY (P&I) CONDUIT HY (IO/PO)
PRE-2021 2021-2023 2024-2026 PRE-2021 2021-2023 2024-2026 PRE-2021 2021-2023 2024-2026 PRE-2021 2021-2023 2024-2026 PRE-2021 2021-2023 2024-2026 PRE-2021 2021-2023 2024-2026
AVERAGE PRICE 97.0 97.2 101.6 2.0 4.2 - 94.9 * 100.8 - - * 67.1 * 100.8 - - -
Weighted Avg. Price 96.3 97.9 102.1 3.4 4.1 - 95.8 * 96.2 - - * 65.9 * 101.0 - - -
Avg. Price Bottom 5 Trades 88.8 92.0 98.8 2.0 3.6 - 85.3 * 95.5 - - * 6.5 * 100.5 - - -
2nd Quartile Price 96.0 94.2 100.7 * 3.5 - 93.9 * 100.4 - - * 48.3 * 100.8 - - -
3rd Quartile Price 98.5 97.8 101.8 * 4.7 - 97.0 * 101.9 - - * 82.1 * 100.8 - - -
4th Quartile Price 99.5 101.0 102.5 * 5.2 - 98.8 * 103.4 - - * 86.3 * 101.5 - - -
Avg. Price Top 5 Trades 99.7 102.7 103.6 2.0 4.8 - 99.1 * 103.9 - - * 96.0 * 101.2 - - -
Standard Deviation 3.3 4.0 1.2 1.5 0.9 - 4.8 * 3.9 - - * 30.9 * 0.7 - - -
VOLUME OF TRADES (000'S) 438,078.4 173,163.7 175,864.4 49,208.8 141,274.8 - 74,711.3 * 30,758.4 - - * 151,049.7 * 16,513.7 - - -
Customer Buy 234,707.7 66,499.8 121,579.3 * * - 40,411.1 * 13,137.0 - - * 66,779.8 * 14,213.7 - - -
Customer Sell 203,178.5 106,457.0 33,665.2 * 88,999.3 - 33,181.3 * 17,621.4 - - * 83,845.9 - * - - -
Dealer to Dealer * * 20,620.0 - * - 1,118.9 - - - - - 424.0 - * - - -
<= $1MM 12,363.7 7,530.9 24,431.9 * - - 5,326.9 * 4,651.4 - - - 4,403.4 * * - - -
<= $10MM 173,081.4 34,661.3 136,432.5 * - - 56,384.4 * 26,107.0 - - - 125,540.2 * 15,517.0 - - -
> $10MM 252,633.4 130,971.5 * * 141,274.8 - * - - - - * * - - - - -
NUMBER OF TRADES 89 34 124 5 8 - 35 * 21 - - * 57 * 8 - - -
Customer Buy 40 14 54 * * - 15 * 7 - - * 18 * 6 - - -
Customer Sell 46 19 44 * 5 - 15 * 14 - - * 27 - * - - -
Dealer to Dealer * * 26 - * - 5 - - - - - 12 - * - - -
<= $1MM 43 22 96 * - - 18 * 14 - - - 29 * * - - -
<= $10MM 33 7 27 * - - 16 * 7 - - - 26 * 5 - - -
> $10MM 13 5 * * 8 - * - - - - * * - - - - -

Pricing Table: CMBS Other by Deal Vintage
METRIC OTHER CMBS AAA LCF (P&I) OTHER CMBS AAA (P&I) OTHER CMBS AAA (IO/PO) OTHER CMBS IG (P&I) OTHER CMBS IG (IO/PO) OTHER CMBS HY (P&I) OTHER CMBS HY (IO/PO)
PRE-2021 2021-2023 2024-2026 PRE-2021 2021-2023 2024-2026 PRE-2021 2021-2023 2024-2026 PRE-2021 2021-2023 2024-2026 PRE-2021 2021-2023 2024-2026 PRE-2021 2021-2023 2024-2026 PRE-2021 2021-2023 2024-2026
AVERAGE PRICE * - - 94.1 98.8 99.3 - - * 91.8 89.1 98.7 - - - 86.4 97.8 98.6 * - 56.8
Weighted Avg. Price * - - 93.8 99.1 99.7 - - * 93.1 92.0 99.5 - - - 86.7 95.8 98.1 * - 56.7
Avg. Price Bottom 5 Trades * - - 85.8 91.1 94.1 - - * 80.9 57.0 92.6 - - - 74.1 91.9 71.1 * - 49.2
2nd Quartile Price * - - 92.3 99.2 98.8 - - * 89.7 82.0 97.1 - - - 76.9 98.4 99.4 * - 53.1
3rd Quartile Price * - - 95.4 99.8 100.0 - - * 92.9 97.4 99.5 - - - 91.3 99.1 100.1 * - 58.3
4th Quartile Price * - - 98.0 100.3 100.3 - - * 96.8 98.8 100.3 - - - 96.7 99.8 100.5 * - 62.9
Avg. Price Top 5 Trades * - - 99.7 101.7 102.2 - - * 99.4 100.4 104.6 - - - 98.7 99.9 103.9 * - 64.5
Standard Deviation * - - 4.7 3.5 1.6 - - * 6.8 15.0 2.4 - - - 10.1 3.3 6.1 * - 6.4
VOLUME OF TRADES (000'S) * - - 83,012.1 87,907.5 968,262.9 - - * 91,231.9 274,869.7 473,893.7 - - - 101,707.1 133,974.8 727,496.0 * - 161,320.0
Customer Buy * - - 24,507.2 23,452.3 463,590.8 - - - 38,514.5 110,259.3 171,166.5 - - - 58,769.6 72,676.0 335,755.5 * - 80,660.0
Customer Sell * - - 40,547.0 50,650.5 450,568.7 - - * 41,617.1 128,834.8 245,633.4 - - - 42,937.6 61,298.8 370,512.5 * - 80,660.0
Dealer to Dealer - - - 17,958.0 13,804.7 54,103.4 - - - 11,100.4 35,775.6 57,093.8 - - - - - 21,228.1 - - -
<= $1MM - - - 16,433.8 8,861.9 71,376.0 - - * 13,745.8 21,589.4 52,607.6 - - - * 4,623.8 15,535.1 - - -
<= $10MM * - - 56,148.3 66,045.6 553,213.5 - - - 50,112.8 143,280.3 261,339.1 - - - 88,964.8 32,341.0 463,496.9 - - 78,882.7
> $10MM - - - * * 343,673.4 - - - * * 159,947.0 - - - * 97,010.0 248,464.0 * - 82,437.4
NUMBER OF TRADES * - - 42 38 320 - - * 52 90 227 - - - 26 26 142 * - 18
Customer Buy * - - 11 11 130 - - - 20 29 65 - - - 15 16 56 * - 9
Customer Sell * - - 20 18 117 - - * 21 36 88 - - - 11 10 68 * - 9
Dealer to Dealer - - - 11 9 73 - - - 11 25 74 - - - - - 18 - - -
<= $1MM - - - 26 18 172 - - * 31 44 151 - - - * 9 36 - - -
<= $10MM * - - 15 19 128 - - - 19 43 67 - - - 21 12 97 - - 12
> $10MM - - - * * 20 - - - * * 9 - - - * 5 9 * - 6

* Indicates trade count is less than 5
Data updated with current day's trades at approximately 8PM New York time
Effective June 1st, 2015 ABS List or Fixed Offering Price and Takedown Transactions (as defined in FINRA Rule 6710), as well as CMO transactions in securities newly added to the system on the report day will be excluded from inclusion in the FINRA-ICE Data daily Securitized Product Report and Pricing Tables. Previously created reports will not be adjusted for the change.

Effective January 10th, 2026 the “Structured Trading Activity Report”, “CBO/CDO/CLO” row and the “CBO/CDO/CLO” Pricing Table was revised for the As Of Dates of December 1, 2025 through December 12, 2025. This was due to an issue where trades were not being classified into the CBO/CDO/CLO NON-AAA IG bucket when those reports were first published.

Effective April 25th, 2026, the “Structured Trading Activity Report” and “Daily CMBS Pricing Tables” were revised for the as-of dates of February 23, 2026, through February 26, 2026. This revision was due to an issue with incorrect factors that primarily impacted the “OTHER CMBS HY (P&I)” bucket.

Should you have any questions, please call TRACE Data Services at 888-507-3665 or email [email protected].
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