As of
Download

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 03/03/2025 to 03/07/2025

Pricing Table: Agency CMBS by Deal Vintage
METRIC AGENCY CMBS (P&I) AGENCY CMBS (IO/PO)
PRE-2020 2020 2021 2022 2023 2024 2025 PRE-2020 2020 2021 2022 2023 2024 2025
AVERAGE PRICE 95.9 85.1 84.2 87.5 93.6 99.0 99.0 * 5.0 * 16.6 * * 77.5
Weighted Avg. Price 97.5 83.6 84.1 89.1 95.1 100.0 99.5 * 5.2 * 2.8 * * 24.1
Avg. Price Bottom 5 Trades 78.6 67.9 66.5 66.2 69.0 79.2 94.9 * 4.0 * 9.8 * * 63.1
2nd Quartile Price 95.9 81.8 76.8 84.6 95.2 99.1 98.5 * 4.5 * 0.5 * * 100.9
3rd Quartile Price 97.6 85.6 85.2 88.2 98.8 100.0 99.5 * 5.9 * 47.0 * * 101.2
4th Quartile Price 98.5 90.4 89.6 93.2 99.9 101.1 100.3 * 6.0 * 50.6 * * 101.6
Avg. Price Top 5 Trades 100.5 100.3 99.1 100.0 102.0 103.8 101.5 * 6.0 * 19.8 * * 101.4
Standard Deviation 4.6 8.5 9.1 10.0 11.0 5.4 2.0 * 1.4 * 25.0 * * 44.1
VOLUME OF TRADES (000'S) 1,602,736.8 208,424.5 403,440.0 359,126.9 257,552.5 474,262.8 1,314,988.9 * 299,307.6 * 2,642,310.2 * * 216,366.8
Customer Buy 645,757.7 53,189.6 61,328.2 127,211.3 59,129.2 185,884.3 588,819.3 * 107,322.0 * - * * 190,641.8
Customer Sell 526,555.2 111,122.9 207,745.4 76,316.0 16,938.2 110,412.0 465,804.0 - * - 2,642,310.2 - - *
Dealer to Dealer 430,423.8 44,112.1 134,366.3 155,599.7 181,485.1 177,966.6 260,365.6 - * - - - - -
<= $1MM 37,679.7 5,419.1 11,459.0 4,624.1 7,621.8 10,866.2 * - - - - - - *
<= $10MM 382,138.8 107,933.2 187,576.8 92,417.6 67,603.3 130,494.8 103,913.6 * * * - - - -
> $10MM 1,182,918.2 95,072.2 204,404.2 262,085.2 182,327.4 332,901.8 1,209,225.6 - 278,470.4 - 2,642,310.2 * * 215,655.8
NUMBER OF TRADES 320 64 76 46 41 92 57 * 10 * 6 * * 8
Customer Buy 133 20 26 18 19 28 34 * 5 * - * * 6
Customer Sell 134 34 35 14 15 42 15 - * - 6 - - *
Dealer to Dealer 53 10 15 14 7 22 8 - * - - - - -
<= $1MM 171 37 33 14 18 47 * - - - - - - *
<= $10MM 114 21 33 24 18 37 24 * * * - - - -
> $10MM 35 6 10 8 5 8 30 - 6 - 6 * * 5

Pricing Table: CMBS Conduit AAA LCF (P&I) by Deal Vintage
METRIC CONDUIT AAA LCF (P&I)
PRE-2020 2020 2021 2022 2023 2024 2025
AVERAGE PRICE 97.0 88.8 86.5 95.0 106.2 102.0 105.3
Weighted Avg. Price 96.9 87.5 86.3 96.8 105.6 102.7 105.3
Avg. Price Bottom 5 Trades 91.3 88.8 85.0 90.5 104.3 98.4 104.9
2nd Quartile Price 96.0 * 86.0 93.9 104.8 101.3 104.9
3rd Quartile Price 97.5 * 86.8 95.9 106.4 102.5 105.1
4th Quartile Price 98.8 * 87.3 97.9 106.7 104.5 106.2
Avg. Price Top 5 Trades 99.5 88.8 88.0 98.8 108.1 104.8 105.8
Standard Deviation 2.2 2.0 1.2 4.0 2.0 2.7 0.6
VOLUME OF TRADES (000'S) 257,510.9 6,911.0 55,542.3 60,230.1 55,068.8 88,390.1 41,328.0
Customer Buy 113,146.7 * 27,868.0 34,191.1 * 48,990.0 29,225.0
Customer Sell 126,999.2 * 26,254.3 26,039.0 37,748.8 39,360.0 *
Dealer to Dealer 17,365.0 - * - * * -
<= $1MM 34,729.2 * 6,397.3 1,650.0 3,840.0 4,720.0 *
<= $10MM 222,781.7 * 25,681.0 18,183.0 40,585.9 * 40,703.0
> $10MM - - * * * * -
NUMBER OF TRADES 124 5 20 14 16 19 10
Customer Buy 52 * 5 7 * 7 7
Customer Sell 63 * 13 7 10 10 *
Dealer to Dealer 9 - * - * * -
<= $1MM 67 * 11 5 7 12 *
<= $10MM 57 * 7 6 8 * 8
> $10MM - - * * * * -

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-2020 2020-2022 2023-2025 PRE-2020 2020-2022 2023-2025 PRE-2020 2020-2022 2023-2025 PRE-2020 2020-2022 2023-2025 PRE-2020 2020-2022 2023-2025 PRE-2020 2020-2022 2023-2025
AVERAGE PRICE 97.2 90.7 103.9 * * - 89.5 75.4 101.7 * - - 79.6 * 100.0 - - -
Weighted Avg. Price 97.2 91.0 104.0 * * - 88.9 72.4 102.9 * - - 78.5 * 101.7 - - -
Avg. Price Bottom 5 Trades 92.4 86.0 100.4 * * - 77.3 67.2 91.7 * - - 8.0 * 99.2 - - -
2nd Quartile Price 96.6 88.9 103.0 * * - 85.9 67.3 101.9 * - - 75.0 * 104.2 - - -
3rd Quartile Price 97.4 90.5 104.1 * * - 93.0 80.6 102.5 * - - 88.5 * 104.2 - - -
4th Quartile Price 98.3 94.8 105.0 * * - 94.5 84.4 104.5 * - - 94.5 * 104.4 - - -
Avg. Price Top 5 Trades 99.6 95.9 107.9 * * - 97.3 85.3 105.2 * - - 97.2 * 101.8 - - -
Standard Deviation 1.7 3.9 1.9 * * - 6.6 10.4 5.1 * - - 21.9 * 6.5 - - -
VOLUME OF TRADES (000'S) 450,140.0 97,793.9 176,072.0 * * - 146,172.9 34,583.0 130,906.4 * - - 218,775.9 * 19,192.5 - - -
Customer Buy 182,960.4 43,524.0 98,244.0 * * - 82,341.2 17,010.0 38,901.7 - - - 70,243.0 * * - - -
Customer Sell 189,659.6 47,000.9 76,803.0 - * - 51,364.7 17,573.0 90,512.7 * - - 88,120.5 * * - - -
Dealer to Dealer * 7,269.0 * - - - 12,467.0 - * - - - 60,412.4 - - - - -
<= $1MM 12,852.9 3,439.9 11,739.0 - - - 14,745.6 * 6,478.0 * - - 14,615.7 * * - - -
<= $10MM 120,283.3 21,054.0 91,033.0 * * - 131,427.2 32,020.0 112,503.4 - - - 204,160.2 * * - - -
> $10MM 317,003.8 73,300.0 * * * - - - * - - - - - - - - -
NUMBER OF TRADES 99 20 56 * * - 70 11 36 * - - 106 * 6 - - -
Customer Buy 48 7 29 * * - 32 5 13 - - - 39 * * - - -
Customer Sell 48 8 25 - * - 32 6 21 * - - 38 * * - - -
Dealer to Dealer * 5 * - - - 6 - * - - - 29 - - - - -
<= $1MM 40 9 26 - - - 38 * 10 * - - 55 * * - - -
<= $10MM 41 6 26 * * - 32 8 25 - - - 51 * * - - -
> $10MM 18 5 * * * - - - * - - - - - - - - -

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-2020 2020-2022 2023-2025 PRE-2020 2020-2022 2023-2025 PRE-2020 2020-2022 2023-2025 PRE-2020 2020-2022 2023-2025 PRE-2020 2020-2022 2023-2025 PRE-2020 2020-2022 2023-2025 PRE-2020 2020-2022 2023-2025
AVERAGE PRICE - - - 93.5 96.6 100.7 - - - 92.9 95.6 100.4 * - * 78.0 85.1 101.6 - - *
Weighted Avg. Price - - - 96.2 95.4 100.9 - - - 93.3 96.8 99.2 * - * 79.0 77.7 101.5 - - *
Avg. Price Bottom 5 Trades - - - 88.0 84.5 95.6 - - - 83.6 78.8 93.8 * - * 10.5 25.0 94.6 - - *
2nd Quartile Price - - - 90.4 96.1 100.0 - - - 92.0 94.2 100.0 * - * 73.0 75.0 100.0 - - *
3rd Quartile Price - - - 92.7 98.9 100.3 - - - 93.5 97.4 100.4 * - * 82.4 95.4 100.8 - - *
4th Quartile Price - - - 97.0 99.9 101.4 - - - 94.3 99.1 101.6 * - * 91.3 99.6 104.3 - - *
Avg. Price Top 5 Trades - - - 99.8 100.3 105.4 - - - 99.7 101.2 105.3 * - * 98.6 100.3 106.6 - - *
Standard Deviation - - - 3.9 4.8 1.8 - - - 4.1 5.1 2.4 * - * 21.8 21.1 3.4 - - *
VOLUME OF TRADES (000'S) - - - 106,871.4 259,469.0 591,627.5 - - - 188,091.1 354,277.5 383,820.2 * - * 299,060.2 505,804.2 265,170.2 - - *
Customer Buy - - - 60,954.2 144,686.9 306,581.5 - - - 90,258.8 116,019.6 178,997.0 * - * 120,865.6 209,025.6 120,352.2 - - *
Customer Sell - - - 34,244.7 114,212.1 252,072.9 - - - 85,332.5 235,584.9 202,203.2 * - - 135,191.9 254,486.5 137,968.0 - - *
Dealer to Dealer - - - 11,672.5 * 32,973.1 - - - * 2,672.9 2,620.0 - - - 43,002.7 42,292.2 * - - -
<= $1MM - - - 12,501.4 11,495.7 24,664.7 - - - 10,568.8 25,266.0 20,481.6 * - - 17,823.3 18,049.5 6,800.0 - - *
<= $10MM - - - 76,880.5 198,275.8 299,752.2 - - - 177,522.3 217,061.5 220,238.6 * - * 269,503.4 262,158.8 176,370.2 - - -
> $10MM - - - * * 267,210.7 - - - - 111,950.0 143,100.0 - - - * 225,596.0 * - - -
NUMBER OF TRADES - - - 81 79 135 - - - 69 121 107 * - * 112 109 61 - - *
Customer Buy - - - 22 40 69 - - - 31 46 46 * - * 51 51 27 - - *
Customer Sell - - - 39 38 60 - - - 34 69 56 * - - 47 45 31 - - *
Dealer to Dealer - - - 20 * 6 - - - * 6 5 - - - 14 13 * - - -
<= $1MM - - - 49 26 48 - - - 20 61 44 * - - 37 29 12 - - *
<= $10MM - - - 31 49 69 - - - 49 54 55 * - * 74 68 45 - - -
> $10MM - - - * * 18 - - - - 6 8 - - - * 12 * - - -

* 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.

Should you have any questions, please call TRACE Data Services at 888-507-3665 or email [email protected].
Home | Company | Products & Services | Careers | Contact Us
Terms & Conditions, Privacy Policy and Trademarks | 3rd Party Disclaimers and Attribution | Registered Investment Advisor Notice
Build 8.7.7.20250312   © 2025 Intercontinental Exchange, Inc. All Rights Reserved.