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 06/01/2026 to 06/05/2026

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 95.3 91.6 89.5 97.6 97.9 99.2 96.2 9.7 9.5 13.7 * * * *
Weighted Avg. Price 97.1 96.9 97.8 96.1 99.4 101.2 96.8 4.8 1.9 3.2 * * * *
Avg. Price Bottom 5 Trades 75.0 83.2 76.1 86.1 78.4 96.4 81.0 0.3 0.4 13.7 * * * *
2nd Quartile Price 93.2 88.5 87.2 99.4 98.4 98.4 96.3 0.3 0.4 * * * * *
3rd Quartile Price 98.0 90.0 89.6 100.1 99.3 99.2 97.6 1.3 0.4 * * * * *
4th Quartile Price 99.0 98.8 95.0 101.5 100.6 99.6 98.6 6.0 7.1 * * * * *
Avg. Price Top 5 Trades 99.8 102.0 99.2 101.7 102.7 104.1 101.5 44.9 14.0 13.7 * * * *
Standard Deviation 5.5 7.0 6.4 9.0 6.2 1.7 5.0 21.5 21.3 24.8 * * * *
VOLUME OF TRADES (000'S) 1,289,785.1 125,940.7 398,582.3 57,580.9 188,848.3 219,838.6 792,910.7 6,405,829.0 5,537,369.5 2,650,619.0 * * * *
Customer Buy 663,516.1 65,123.3 161,813.4 46,506.4 84,203.1 90,293.4 477,671.0 2,169,218.7 2,623,479.3 * * * * *
Customer Sell 220,806.6 40,680.9 64,682.0 * 22,205.1 70,406.1 49,161.0 4,236,610.3 2,913,890.2 1,330,533.0 - - - -
Dealer to Dealer 405,462.5 20,136.5 172,086.9 7,532.3 82,440.1 59,139.1 266,078.7 - - - - - - -
<= $1MM 29,823.5 5,969.4 8,402.1 6,949.5 3,439.1 5,681.7 10,270.5 5,189.9 - - - - - -
<= $10MM 310,579.1 53,149.2 26,499.0 50,631.4 47,716.8 * 245,579.6 * - - - * - -
> $10MM 949,382.6 * 363,681.2 - * 206,027.8 537,060.6 6,393,629.5 5,537,369.5 2,650,619.0 * - * *
NUMBER OF TRADES 251 27 45 26 76 75 92 38 15 9 * * * *
Customer Buy 109 11 14 17 21 23 64 16 7 * * * * *
Customer Sell 79 8 11 * 30 32 5 22 8 5 - - - -
Dealer to Dealer 63 8 20 6 25 20 23 - - - - - - -
<= $1MM 137 13 29 11 59 63 19 10 - - - - - -
<= $10MM 89 11 9 15 14 * 49 * - - - * - -
> $10MM 25 * 7 - * 8 24 25 15 9 * - * *

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 96.6 88.8 93.6 * 103.5 103.9 *
Weighted Avg. Price 98.0 88.9 93.3 * 103.3 104.2 *
Avg. Price Bottom 5 Trades 88.8 88.4 90.4 * 102.7 103.8 *
2nd Quartile Price 94.2 88.5 91.8 * 103.2 104.5 *
3rd Quartile Price 98.5 89.1 94.2 * 104.2 104.7 *
4th Quartile Price 98.9 89.5 96.8 * 104.4 104.7 *
Avg. Price Top 5 Trades 99.5 89.3 97.1 * 104.4 104.5 *
Standard Deviation 3.3 0.7 3.2 * 1.1 1.3 *
VOLUME OF TRADES (000'S) 459,522.3 15,791.6 30,741.9 * 7,444.9 8,262.0 *
Customer Buy 210,121.2 * * * * * *
Customer Sell 247,853.2 4,631.6 24,482.9 * 6,678.4 * -
Dealer to Dealer 1,547.9 - - - - - -
<= $1MM 26,537.6 1,417.4 2,133.9 * 1,944.9 2,762.0 *
<= $10MM 105,921.4 * 28,608.0 - * * -
> $10MM 327,063.3 - - - - - -
NUMBER OF TRADES 107 9 13 * 10 6 *
Customer Buy 34 * * * * * *
Customer Sell 68 7 10 * 7 * -
Dealer to Dealer 5 - - - - - -
<= $1MM 62 6 8 * 9 5 *
<= $10MM 27 * 5 - * * -
> $10MM 18 - - - - - -

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 97.8 97.4 102.1 - - - 91.6 * 93.2 * - - 55.6 * 95.6 - - -
Weighted Avg. Price 98.7 99.7 102.3 - - - 88.6 * 88.8 * - - 47.9 * 97.5 - - -
Avg. Price Bottom 5 Trades 93.0 87.0 98.9 - - - 73.2 * 79.5 * - - 1.6 * 90.6 - - -
2nd Quartile Price 97.1 94.2 101.3 - - - 91.0 * 86.2 * - - 10.3 * 99.8 - - -
3rd Quartile Price 98.5 102.2 102.4 - - - 93.7 * 98.9 * - - 74.0 * 100.3 - - -
4th Quartile Price 99.2 103.6 102.9 - - - 95.6 * 102.2 * - - 89.6 * 101.1 - - -
Avg. Price Top 5 Trades 99.7 103.8 104.1 - - - 97.4 * 103.0 * - - 96.3 * 100.7 - - -
Standard Deviation 2.0 6.8 1.2 - - - 6.7 * 9.4 * - - 36.8 * 11.5 - - -
VOLUME OF TRADES (000'S) 281,336.5 54,924.1 200,658.2 - - - 133,266.6 * 58,088.0 * - - 257,245.8 * 34,133.4 - - -
Customer Buy 51,258.4 40,241.6 123,580.7 - - - 59,119.3 * 21,084.0 * - - 123,941.5 * * - - -
Customer Sell 221,871.4 14,682.5 76,272.5 - - - 69,047.3 * 37,004.0 * - - 121,497.2 * 28,806.5 - - -
Dealer to Dealer 8,206.7 - * - - - * - - - - - 11,807.2 - - - - -
<= $1MM 15,210.2 9,139.1 33,042.2 - - - 13,373.0 - 4,175.0 - - - 5,501.5 - * - - -
<= $10MM 156,504.8 20,785.0 140,329.5 - - - 119,893.6 * 53,913.0 * - - 228,978.4 * 17,147.3 - - -
> $10MM 109,621.5 * * - - - - - - * - - * - * - - -
NUMBER OF TRADES 87 23 118 - - - 56 * 27 * - - 72 * 10 - - -
Customer Buy 25 8 65 - - - 21 * 8 * - - 33 * * - - -
Customer Sell 57 15 50 - - - 31 * 19 * - - 31 * 6 - - -
Dealer to Dealer 5 - * - - - * - - - - - 8 - - - - -
<= $1MM 48 14 84 - - - 25 - 8 - - - 20 - * - - -
<= $10MM 32 8 32 - - - 31 * 19 * - - 50 * 6 - - -
> $10MM 7 * * - - - - - - * - - * - * - - -

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 - - - 95.4 98.5 99.9 - - - 94.5 97.6 99.9 - * - 75.8 95.8 99.5 - * *
Weighted Avg. Price - - - 96.7 97.6 100.0 - - - 95.5 99.1 100.2 - * - 79.7 98.0 98.3 - * *
Avg. Price Bottom 5 Trades - - - 91.0 88.9 94.8 - - - 84.9 86.6 94.8 - * - 32.8 83.5 76.0 - * *
2nd Quartile Price - - - 92.5 99.3 99.7 - - - 94.7 97.8 99.4 - * - 80.3 96.0 100.0 - * *
3rd Quartile Price - - - 96.8 99.6 100.1 - - - 96.2 99.4 100.2 - * - 84.0 98.8 100.4 - * *
4th Quartile Price - - - 99.6 100.0 100.3 - - - 96.8 100.1 100.7 - * - 93.8 99.7 100.9 - * *
Avg. Price Top 5 Trades - - - 99.7 101.4 102.4 - - - 99.6 101.3 102.6 - * - 98.1 100.1 104.5 - * *
Standard Deviation - - - 3.8 3.6 1.2 - - - 4.9 5.1 1.6 - * - 27.6 6.2 5.4 - * *
VOLUME OF TRADES (000'S) - - - 67,880.0 380,073.9 939,047.6 - - - 118,851.7 228,054.3 427,425.7 - * - 82,712.6 113,602.0 480,754.2 - * *
Customer Buy - - - 19,410.0 181,505.1 514,486.6 - - - 48,937.1 113,176.6 214,073.2 - - - 37,307.1 52,181.7 233,025.5 - * *
Customer Sell - - - 48,470.0 178,131.4 351,661.0 - - - 68,840.8 93,393.6 195,182.5 - * - 31,728.5 61,420.3 236,648.7 - * -
Dealer to Dealer - - - - * 72,900.0 - - - * * * - - - * - * - - -
<= $1MM - - - 4,160.0 12,948.6 27,045.1 - - - 3,045.6 6,533.5 20,400.8 - - - 3,340.0 6,637.6 16,585.0 - - *
<= $10MM - - - 27,750.0 100,076.0 619,977.7 - - - 84,544.9 96,470.8 258,472.9 - * - 79,372.6 45,857.3 360,678.8 - * *
> $10MM - - - * 267,049.3 292,024.9 - - - * * 148,552.0 - - - - * 103,490.4 - * -
NUMBER OF TRADES - - - 18 59 220 - - - 31 38 125 - * - 29 31 116 - * *
Customer Buy - - - 11 33 127 - - - 12 18 67 - - - 13 15 63 - * *
Customer Sell - - - 7 23 78 - - - 17 16 56 - * - 13 16 50 - * -
Dealer to Dealer - - - - * 15 - - - * * * - - - * - * - - -
<= $1MM - - - 8 27 70 - - - 9 12 50 - - - 5 11 29 - - *
<= $10MM - - - 8 22 133 - - - 20 24 65 - * - 24 16 78 - * *
> $10MM - - - * 10 17 - - - * * 10 - - - - * 9 - * -

* 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].
Home | Company | Products & Services | Careers | Contact Us
Terms & Conditions, Privacy Policy and Trademarks | 3rd Party Disclaimers and Attribution | Registered Investment Advisor Notice
Build 9.1.15.20260514   © 2026 Intercontinental Exchange, Inc. All Rights Reserved.