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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 (TBA, STIP, $ ROLLS) - Single Family 15Y

MARCH Settlement

METRIC	COUPON
	<= 3.5	4	4.5	5	5.5	6	> 6
UMBS
AVERAGE PRICE	94.9	98.9	100.2	101.4	102.6	103.4	-
Weighted Avg. Price	94.4	98.9	100.2	101.4	102.6	103.4	-
Avg. Price Bottom 5 Trades	90.7	98.8	100.2	101.4	102.5	103.4	-
2nd Quartile Price	92.8	98.8	100.2	101.4	102.6	*	-
3rd Quartile Price	95.0	98.9	100.2	101.4	102.6	*	-
4th Quartile Price	97.5	98.9	100.2	101.4	102.6	*	-
Avg. Price Top 5 Trades	97.5	98.9	100.3	101.5	102.6	103.4	-
Standard Deviation	2.4	-	-	-	0.1	-	-
VOLUME OF TRADES (000'S)	582,991.0	822,629.0	2,363,069.5	1,094,192.0	14,549.0	95,550.0	-
NUMBER OF TRADES	52	118	237	115	9	11	-
FHLMC
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	-	-	-	-	-	-	-
GNMA
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	-	-	-	-	-	-	-

APRIL Settlement

METRIC	COUPON
	<= 3.5	4	4.5	5	5.5	6	> 6
UMBS
AVERAGE PRICE	95.5	98.8	100.1	101.4	*	-	-
Weighted Avg. Price	94.5	98.8	100.1	101.4	*	-	-
Avg. Price Bottom 5 Trades	91.9	98.7	100.1	101.3	*	-	-
2nd Quartile Price	94.8	98.8	100.1	101.3	*	-	-
3rd Quartile Price	96.5	98.8	100.1	101.3	*	-	-
4th Quartile Price	97.4	98.8	100.2	101.4	*	-	-
Avg. Price Top 5 Trades	97.5	98.8	100.2	101.4	*	-	-
Standard Deviation	2.2	0.1	-	0.1	*	-	-
VOLUME OF TRADES (000'S)	620,329.0	205,390.0	617,500.0	465,665.0	*	-	-
NUMBER OF TRADES	35	22	46	28	*	-	-
FHLMC
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	-	-	-	-	-	-	-
GNMA
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	-	-	-	-	-	-	-

MAY Settlement

METRIC	COUPON
	<= 3.5	4	4.5	5	5.5	6	> 6
UMBS
AVERAGE PRICE	97.1	98.7	100.0	101.2	*	*	-
Weighted Avg. Price	97.2	98.8	100.0	101.2	*	*	-
Avg. Price Bottom 5 Trades	97.0	98.7	100.0	101.2	*	*	-
2nd Quartile Price	97.3	98.7	100.0	101.2	*	*	-
3rd Quartile Price	97.3	98.7	100.0	101.2	*	*	-
4th Quartile Price	97.3	98.7	100.0	101.2	*	*	-
Avg. Price Top 5 Trades	97.3	98.7	100.1	101.2	*	*	-
Standard Deviation	0.4	-	-	-	*	*	-
VOLUME OF TRADES (000'S)	8,000.0	76,700.0	145,300.0	27,600.0	*	*	-
NUMBER OF TRADES	8	17	29	13	*	*	-
FHLMC
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	-	-	-	-	-	-	-
GNMA
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	-	-	-	-	-	-	-

JUNE Settlement

METRIC	COUPON
	<= 3.5	4	4.5	5	5.5	6	> 6
UMBS
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	-	-	-	-	-	-	-
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	-	-	-	-	-	-	-
GNMA
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	-	-	-	-	-	-	-

Pricing Table: Agency Pass-Thru (TBA, STIP, $ ROLLS) - Single Family 30Y

MARCH Settlement

METRIC	COUPON
	<= 3.5	4	4.5	5	5.5	6	> 6
UMBS
AVERAGE PRICE	88.8	96.7	98.4	100.2	101.5	102.5	103.9
Weighted Avg. Price	88.2	96.7	98.4	100.1	101.4	102.5	103.9
Avg. Price Bottom 5 Trades	79.2	96.5	98.3	100.1	101.4	102.4	103.8
2nd Quartile Price	86.0	96.6	98.4	100.1	101.4	102.5	103.8
3rd Quartile Price	89.8	96.7	98.4	100.1	101.4	102.5	103.8
4th Quartile Price	93.6	96.7	98.5	100.2	101.5	102.5	103.8
Avg. Price Top 5 Trades	93.9	96.9	99.4	101.7	101.7	102.6	105.1
Standard Deviation	4.0	0.1	0.1	0.1	-	-	0.4
VOLUME OF TRADES (000'S)	54,274,131.5	10,066,652.2	19,816,353.7	44,511,962.2	39,828,508.6	10,932,595.7	5,451,813.4
NUMBER OF TRADES	810	391	683	1,238	757	274	114
FHLMC
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	-	-	-	-	-	-	-
GNMA
AVERAGE PRICE	90.2	95.7	98.4	100.2	101.3	102.2	104.1
Weighted Avg. Price	91.1	95.7	98.4	100.1	101.2	102.0	104.0
Avg. Price Bottom 5 Trades	84.1	95.4	98.0	100.0	101.1	101.9	103.8
2nd Quartile Price	87.7	95.7	98.3	100.1	101.2	101.9	103.9
3rd Quartile Price	91.2	95.7	98.4	100.1	101.2	102.0	103.9
4th Quartile Price	93.3	95.7	98.4	100.1	101.2	102.0	104.0
Avg. Price Top 5 Trades	93.5	96.5	98.5	101.6	103.8	105.6	106.6
Standard Deviation	3.3	0.5	0.1	0.3	0.5	0.8	0.8
VOLUME OF TRADES (000'S)	7,848,972.5	3,821,975.0	3,747,271.7	8,099,515.7	6,178,552.1	1,548,056.5	695,539.5
NUMBER OF TRADES	206	75	112	305	296	158	60

APRIL Settlement

METRIC	COUPON
	<= 3.5	4	4.5	5	5.5	6	> 6
UMBS
AVERAGE PRICE	88.9	96.4	98.3	100.0	101.4	102.5	104.0
Weighted Avg. Price	88.0	96.4	98.3	100.0	101.4	102.5	103.9
Avg. Price Bottom 5 Trades	80.6	96.3	98.3	100.0	101.3	102.4	103.8
2nd Quartile Price	86.1	96.4	98.3	100.0	101.4	102.5	103.8
3rd Quartile Price	89.8	96.4	98.3	100.0	101.4	102.5	103.9
4th Quartile Price	90.0	96.4	98.4	100.0	101.4	102.5	103.9
Avg. Price Top 5 Trades	93.8	96.6	98.5	100.8	102.4	102.6	105.2
Standard Deviation	3.5	0.1	0.1	0.1	0.2	-	0.4
VOLUME OF TRADES (000'S)	42,322,652.6	4,011,385.0	10,677,406.5	24,242,222.0	24,303,779.0	6,914,709.0	5,852,212.3
NUMBER OF TRADES	302	93	147	479	247	92	64
FHLMC
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	-	-	-	-	-	-	-
GNMA
AVERAGE PRICE	90.2	95.7	98.3	100.0	101.3	102.1	103.7
Weighted Avg. Price	90.5	95.7	98.3	100.0	101.3	101.9	103.8
Avg. Price Bottom 5 Trades	84.1	95.6	98.2	99.9	101.0	101.8	103.6
2nd Quartile Price	88.0	95.7	98.2	100.0	101.1	101.9	103.8
3rd Quartile Price	91.5	95.7	98.2	100.0	101.1	101.9	103.8
4th Quartile Price	92.9	95.7	98.3	100.0	101.1	101.9	103.8
Avg. Price Top 5 Trades	93.1	95.8	98.6	101.0	103.5	104.3	104.0
Standard Deviation	3.3	0.1	0.1	0.2	0.6	0.8	0.4
VOLUME OF TRADES (000'S)	2,800,138.0	1,156,905.0	2,194,250.0	4,887,828.0	4,785,635.6	450,825.0	451,200.0
NUMBER OF TRADES	94	30	77	249	215	60	25

MAY Settlement

METRIC	COUPON
	<= 3.5	4	4.5	5	5.5	6	> 6
UMBS
AVERAGE PRICE	*	96.2	98.2	99.9	101.3	102.5	103.8
Weighted Avg. Price	*	96.2	98.2	99.9	101.3	102.5	103.9
Avg. Price Bottom 5 Trades	*	96.2	98.1	99.8	101.2	102.4	103.8
2nd Quartile Price	*	96.2	98.2	99.9	101.3	102.4	103.8
3rd Quartile Price	*	96.2	98.2	99.9	101.3	102.5	103.9
4th Quartile Price	*	96.3	98.2	99.9	101.3	102.5	103.9
Avg. Price Top 5 Trades	*	96.3	98.4	100.0	101.3	102.5	103.9
Standard Deviation	*	0.1	0.1	-	-	-	-
VOLUME OF TRADES (000'S)	*	285,800.0	649,050.0	2,844,050.0	840,250.0	372,250.0	32,500.0
NUMBER OF TRADES	*	22	109	446	160	36	10
FHLMC
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	-	-	-	-	-	-	-
GNMA
AVERAGE PRICE	92.8	95.6	98.1	99.8	100.9	101.8	103.7
Weighted Avg. Price	92.3	95.6	98.1	99.8	101.0	101.8	103.7
Avg. Price Bottom 5 Trades	92.4	95.5	98.0	99.7	100.9	101.8	103.7
2nd Quartile Price	92.8	95.5	98.1	99.8	100.9	101.8	*
3rd Quartile Price	92.9	95.6	98.1	99.8	100.9	101.8	*
4th Quartile Price	93.0	95.6	98.1	99.8	101.0	101.9	*
Avg. Price Top 5 Trades	93.0	95.6	98.3	99.9	101.0	101.9	103.7
Standard Deviation	0.4	0.1	0.1	-	-	-	-
VOLUME OF TRADES (000'S)	1,131,500.0	30,000.0	332,470.0	1,299,250.0	603,750.0	117,000.0	27,500.0
NUMBER OF TRADES	21	6	74	196	100	17	6

JUNE Settlement

METRIC	COUPON
	<= 3.5	4	4.5	5	5.5	6	> 6
UMBS
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	-	-	-	-	-	-	-
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	-	-	-	-	-	-	-
GNMA
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	*	*	*	-	-	-	-

* 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.

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

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For each region, the evaluation system is operational during the Extended Hours. In addition, the evaluation desks are staffed during the Core Hours providing further system inputs and oversight.

	Core Hours	Extended Hours
ASIA Corps & Sovs (AU)	8:30 AM AEDT – 6:00 PM AEDT	3:00 AM AEDT – 12:00 AM AEDT
ASIA Corps & Sovs (JP)	8:30 AM AEDT – 6:00 PM AEDT	3:00 AM AEDT – 12:00 AM AEDT
ASIA Corps & Sovs (NZ)	8:30 AM AEDT – 6:00 PM AEDT	3:00 AM AEDT – 12:00 AM AEDT
ASIA Corps & Sovs (Other Currencies)	9:00 AM HKT – 6:00 PM HKT	3:00 AM HKT – 12:00 AM HKT
ASIA Money Markets (AU)	8:30 AM AEDT – 6:00 PM AEDT	3:00 AM AEDT – 12:00 AM AEDT
ASIA Money Markets (JP)	8:30 AM AEDT – 6:00 PM AEDT	3:00 AM AEDT – 12:00 AM AEDT
ASIA Money Markets (NZ)	8:30 AM AEDT – 6:00 PM AEDT	3:00 AM AEDT – 12:00 AM AEDT
ASIA Money Markets (Other Currencies)	9:00 AM HKT – 6:00 PM HKT	3:00 AM HKT – 12:00 AM HKT
EMEA Corps & Sovs	8:00 AM GMT/BST – 6:00 PM GMT/BST	3:00 AM GMT/BST – 12:00 AM GMT/BST
EMEA Money Markets	8:00 AM GMT/BST – 6:00 PM GMT/BST	3:00 AM GMT/BST – 12:00 AM GMT/BST
US Agencies	8:00 AM ET – 5:30 PM ET	3:00 AM ET – 12:00 AM ET
US Corporate HY	8:00 AM ET – 5:30 PM ET	3:00 AM ET – 12:00 AM ET
US Corporate IG	8:00 AM ET – 5:30 PM ET	3:00 AM ET – 12:00 AM ET
US MBS (TBA & Pass-through)	8:00 AM ET – 5:30 PM ET	3:00 AM ET – 12:00 AM ET
US Municipals	8:00 AM ET – 5:30 PM ET	3:00 AM ET – 12:00 AM ET
US Treasuries & Strips	8:00 AM ET – 5:30 PM ET	3:00 AM ET – 12:00 AM ET
Leveraged Loan	8:00 AM ET – 5:30 PM ET	3:00 AM ET – 12:00 AM ET

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