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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
Pricing Table: Agency Pass-Thru (Specified) - Single Family 15Y
METRIC COUPON
<= 3.5 4 4.5 5 5.5 6 > 6
UMBS
AVERAGE PRICE 91.9 90.1 97.8 99.2 99.9 100.4 -
Weighted Avg. Price 93.2 96.6 98.2 100.2 101.4 102.5 -
Avg. Price Bottom 5 Trades 76.5 64.6 96.4 97.1 97.9 97.4 -
2nd Quartile Price 90.5 94.8 97.4 98.4 99.1 100.2 -
3rd Quartile Price 93.0 96.2 98.2 100.0 99.9 100.9 -
4th Quartile Price 95.0 96.4 98.3 100.1 101.3 101.3 -
Avg. Price Top 5 Trades 98.4 97.5 98.6 100.7 101.5 102.7 -
Standard Deviation 5.1 19.6 0.9 1.1 1.1 1.8 -
     VOLUME OF TRADES (000'S) 479,025.2 36,712.5 74,799.3 163,721.7 118,148.1 20,857.5 -
     NUMBER OF TRADES 155 26 35 75 63 45 -
FNMA
AVERAGE PRICE * - - - - - -
Weighted Avg. Price * - - - - - -
Avg. Price Bottom 5 Trades * - - - - - -
2nd Quartile Price * - - - - - -
3rd Quartile Price * - - - - - -
4th Quartile Price * - - - - - -
Avg. Price Top 5 Trades * - - - - - -
Standard Deviation * - - - - - -
     VOLUME OF TRADES (000'S) * - - - - - -
     NUMBER OF TRADES * - - - - - -
FHLMC
AVERAGE PRICE 89.8 * - - - - -
Weighted Avg. Price 96.2 * - - - - -
Avg. Price Bottom 5 Trades 83.1 * - - - - -
2nd Quartile Price 87.6 * - - - - -
3rd Quartile Price 93.6 * - - - - -
4th Quartile Price 95.3 * - - - - -
Avg. Price Top 5 Trades 94.5 * - - - - -
Standard Deviation 6.1 * - - - - -
     VOLUME OF TRADES (000'S) 465.2 * - - - - -
     NUMBER OF TRADES 14 * - - - - -
GNMA
AVERAGE PRICE * * * 100.0 - * -
Weighted Avg. Price * * * 100.2 - * -
Avg. Price Bottom 5 Trades * * * 99.9 - * -
2nd Quartile Price * * * 100.0 - * -
3rd Quartile Price * * * 100.0 - * -
4th Quartile Price * * * 100.3 - * -
Avg. Price Top 5 Trades * * * 100.1 - * -
Standard Deviation * * * 0.2 - * -
     VOLUME OF TRADES (000'S) * * * 38,772.5 - * -
     NUMBER OF TRADES * * * 9 - * -
Pricing Table: Agency Pass-Thru (Specified) - Single Family 30Y
METRIC COUPON
<= 3.5 4 4.5 5 5.5 6 > 6
UMBS
AVERAGE PRICE 86.4 91.6 94.4 97.7 99.4 100.6 101.6
Weighted Avg. Price 86.5 92.7 95.6 97.9 100.0 102.4 104.5
Avg. Price Bottom 5 Trades 75.0 84.2 78.7 94.8 81.1 82.9 85.9
2nd Quartile Price 82.8 90.9 94.4 97.2 99.6 101.4 103.1
3rd Quartile Price 86.3 91.8 95.0 97.5 99.9 101.9 104.0
4th Quartile Price 89.3 92.6 95.6 98.2 100.2 102.6 104.8
Avg. Price Top 5 Trades 96.2 95.8 97.7 99.9 101.7 103.5 105.6
Standard Deviation 4.6 1.9 4.3 1.1 3.3 4.6 9.2
     VOLUME OF TRADES (000'S) 1,060,088.0 66,508.8 1,042,851.0 818,350.1 2,335,177.3 580,393.9 49,053.3
     NUMBER OF TRADES 1,158 320 204 275 484 188 81
FNMA
AVERAGE PRICE * * * * * 100.6 100.0
Weighted Avg. Price * * * * * 101.1 102.4
Avg. Price Bottom 5 Trades * * * * * 100.2 100.0
2nd Quartile Price * * * * * 99.0 *
3rd Quartile Price * * * * * 100.7 *
4th Quartile Price * * * * * 102.3 *
Avg. Price Top 5 Trades * * * * * 101.9 100.0
Standard Deviation * * * * * 1.7 3.4
     VOLUME OF TRADES (000'S) * * * * * 8,124.5 5,591.6
     NUMBER OF TRADES * * * * * 9 8
FHLMC
AVERAGE PRICE 88.2 91.1 92.3 98.5 100.8 102.9 103.5
Weighted Avg. Price 77.7 93.6 95.5 99.8 101.2 103.1 103.5
Avg. Price Bottom 5 Trades 84.7 79.1 86.8 95.9 99.0 101.9 100.2
2nd Quartile Price 86.9 92.4 93.5 98.9 100.6 102.5 102.7
3rd Quartile Price 88.5 92.6 95.1 99.5 101.0 103.1 104.5
4th Quartile Price 90.6 93.4 97.4 100.0 101.6 103.4 106.0
Avg. Price Top 5 Trades 92.4 95.0 97.1 100.2 102.0 103.7 106.4
Standard Deviation 3.3 5.1 6.9 2.9 1.8 0.6 2.9
     VOLUME OF TRADES (000'S) 22,362.2 199.1 641.8 2,434.9 8,426.4 9,911.1 9,005.3
     NUMBER OF TRADES 30 43 14 22 37 38 30
GNMA
AVERAGE PRICE 87.0 92.3 93.8 97.8 100.3 105.7 100.4
Weighted Avg. Price 85.4 92.1 95.0 97.9 100.3 104.5 103.1
Avg. Price Bottom 5 Trades 81.7 91.3 88.5 88.9 88.1 89.1 79.0
2nd Quartile Price 85.6 91.6 94.3 97.8 100.1 102.1 100.8
3rd Quartile Price 87.3 91.9 95.0 98.1 100.4 102.5 102.7
4th Quartile Price 88.4 93.2 95.1 98.1 100.7 103.2 103.4
Avg. Price Top 5 Trades 91.3 93.6 96.7 101.1 105.9 140.5 108.7
Standard Deviation 2.4 1.1 3.3 1.9 3.2 56.1 6.6
     VOLUME OF TRADES (000'S) 249,753.6 249,346.7 230,936.3 2,486,264.9 2,453,943.6 900,341.1 937,667.6
     NUMBER OF TRADES 80 32 47 320 307 269 363
Pricing Table: Agency Pass-Thru (Specified) - Adjustable/Hybrid
METRIC INITIAL FIXED RATE PERIOD
ARM/SEASONED 3/1 5/1 7/1 10/1
FNMA
AVERAGE PRICE 101.9 - 99.7 99.2 97.8
Weighted Avg. Price 102.1 - 99.8 99.2 96.9
Avg. Price Bottom 5 Trades 101.7 - 99.7 98.8 95.8
2nd Quartile Price 101.3 - * 99.0 97.7
3rd Quartile Price 102.0 - * 99.3 99.0
4th Quartile Price 102.3 - * 100.2 99.3
Avg. Price Top 5 Trades 102.3 - 99.7 99.6 99.4
Standard Deviation 0.7 - 0.2 0.9 2.5
     VOLUME OF TRADES (000'S) 324.9 - 67,711.6 14,998.7 13,325.8
     NUMBER OF TRADES 12 - 5 8 12
FHLMC
AVERAGE PRICE 101.8 - * 99.9 99.4
Weighted Avg. Price 99.8 - * 99.7 99.0
Avg. Price Bottom 5 Trades 99.7 - * 99.3 97.6
2nd Quartile Price 101.8 - * 99.2 98.6
3rd Quartile Price 102.3 - * 100.2 99.5
4th Quartile Price 103.0 - * 100.5 100.6
Avg. Price Top 5 Trades 102.9 - * 100.5 101.2
Standard Deviation 1.2 - * 0.7 1.7
     VOLUME OF TRADES (000'S) 25,456.7 - * 30,443.5 22,571.9
     NUMBER OF TRADES 26 - * 12 16
GNMA
AVERAGE PRICE 100.6 98.3 97.4 - -
Weighted Avg. Price 100.6 98.3 99.0 - -
Avg. Price Bottom 5 Trades 100.5 97.6 92.8 - -
2nd Quartile Price 100.3 98.1 95.1 - -
3rd Quartile Price 100.5 98.2 98.4 - -
4th Quartile Price 101.0 99.4 99.9 - -
Avg. Price Top 5 Trades 101.3 99.0 100.2 - -
Standard Deviation 0.5 1.2 2.6 - -
     VOLUME OF TRADES (000'S) 1,093.6 38,285.1 340,047.8 - -
     NUMBER OF TRADES 21 8 39 - -
* Indicates trade count is less than 5

The pricing tables for Agency TBA and Agency Specified Pass-thrus do not contain certain transaction volume related items after December 14th, 2011.

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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