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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 08/10/2026 to 08/14/2026

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 95.1 86.3 88.2 96.0 99.3 98.6 97.6 - * - - - * 6.9
Weighted Avg. Price 97.6 86.9 91.2 96.0 100.1 93.9 97.8 - * - - - * 6.8
Avg. Price Bottom 5 Trades 75.8 71.8 77.6 91.6 94.7 95.4 95.1 - * - - - * 6.9
2nd Quartile Price 93.8 76.3 80.3 94.9 99.0 98.2 97.1 - * - - - * *
3rd Quartile Price 97.7 88.5 90.0 98.2 99.9 98.8 97.5 - * - - - * *
4th Quartile Price 98.8 95.0 94.0 99.2 100.5 99.3 98.4 - * - - - * *
Avg. Price Top 5 Trades 100.6 98.5 98.3 99.6 101.7 100.6 100.2 - * - - - * 6.9
Standard Deviation 5.9 9.9 7.5 4.3 3.1 1.4 1.6 - * - - - * 1.0
VOLUME OF TRADES (000'S) 281,725.2 82,457.4 62,570.2 342,153.1 166,267.6 210,030.7 688,713.8 - * - - - * 252,313.1
Customer Buy 117,351.2 19,653.9 24,697.1 112,681.8 111,766.3 196,697.1 469,290.7 - * - - - * *
Customer Sell 121,346.4 20,080.1 27,569.5 14,300.6 46,217.4 3,845.0 126,119.4 - - - - - - *
Dealer to Dealer 43,027.6 42,723.5 10,303.6 * 8,283.9 9,488.6 93,303.6 - - - - - - -
<= $1MM 52,513.7 6,642.9 8,821.9 1,008.6 2,287.2 8,689.5 7,603.3 - - - - - - -
<= $10MM 171,896.1 75,814.5 31,776.4 * 26,875.3 35,626.2 68,325.3 - * - - - - -
> $10MM * - * 325,176.1 * * 612,785.2 - * - - - * 252,313.1
NUMBER OF TRADES 237 42 33 18 61 97 45 - * - - - * 5
Customer Buy 95 12 13 6 16 34 31 - * - - - * *
Customer Sell 91 15 11 8 30 41 7 - - - - - - *
Dealer to Dealer 51 15 9 * 15 22 7 - - - - - - -
<= $1MM 175 17 19 9 46 84 13 - - - - - - -
<= $10MM 58 25 12 * 11 10 18 - * - - - - -
> $10MM * - * 5 * * 14 - * - - - * 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 97.3 88.1 95.0 102.8 100.8 102.5 101.7
Weighted Avg. Price 97.6 87.9 97.4 102.0 101.9 102.1 102.8
Avg. Price Bottom 5 Trades 88.6 87.2 90.3 101.8 99.4 102.1 101.3
2nd Quartile Price 97.0 87.2 91.8 101.9 100.8 102.2 101.4
3rd Quartile Price 98.7 88.1 96.3 104.0 101.1 102.6 103.2
4th Quartile Price 98.9 89.1 99.7 107.5 103.4 103.2 103.2
Avg. Price Top 5 Trades 99.5 89.2 100.1 103.4 102.2 102.9 102.1
Standard Deviation 2.9 0.9 5.3 2.8 2.1 0.6 1.4
VOLUME OF TRADES (000'S) 550,599.2 52,979.0 38,948.0 18,514.0 24,535.5 16,940.0 13,018.6
Customer Buy 226,590.9 * 16,504.0 * - * *
Customer Sell 321,633.9 27,221.0 22,444.0 * 24,535.5 12,245.0 *
Dealer to Dealer 2,374.5 * - - - - -
<= $1MM 17,432.7 4,949.0 3,494.0 * * 690.0 3,018.6
<= $10MM 181,574.5 35,825.0 35,454.0 * 24,341.0 * *
> $10MM 351,592.0 * - - - - -
NUMBER OF TRADES 112 16 12 6 9 10 6
Customer Buy 43 * 5 * - * *
Customer Sell 64 10 7 * 9 6 *
Dealer to Dealer 5 * - - - - -
<= $1MM 47 9 6 * * 6 5
<= $10MM 46 6 6 * 5 * *
> $10MM 19 * - - - - -

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 96.6 96.4 101.2 - - - 92.5 93.7 96.3 - - - 81.4 93.6 84.1 - - 8.9
Weighted Avg. Price 96.9 94.2 101.0 - - - 91.1 94.1 97.7 - - - 69.4 94.4 69.9 - - 6.7
Avg. Price Bottom 5 Trades 89.7 89.7 99.8 - - - 82.8 84.4 83.5 - - - 37.8 93.6 75.3 - - 8.9
2nd Quartile Price 95.6 92.3 100.4 - - - 90.4 87.0 98.4 - - - 73.9 * 99.5 - - *
3rd Quartile Price 97.3 96.0 101.4 - - - 96.0 102.1 100.1 - - - 81.8 * 100.2 - - *
4th Quartile Price 98.9 101.8 102.0 - - - 97.8 103.9 100.9 - - - 96.0 * 101.7 - - *
Avg. Price Top 5 Trades 99.4 102.7 103.0 - - - 98.0 103.0 101.7 - - - 98.0 93.6 101.0 - - 8.9
Standard Deviation 3.0 4.8 0.9 - - - 7.7 12.6 8.6 - - - 17.0 5.9 25.1 - - 4.6
VOLUME OF TRADES (000'S) 236,022.6 110,304.0 214,824.5 - - - 40,736.8 25,000.0 70,501.5 - - - 149,587.1 5,841.0 41,811.8 - - 669,201.0
Customer Buy 120,296.6 51,176.7 82,572.0 - - - 17,273.6 * 35,140.0 - - - 71,804.5 * * - - 655,514.0
Customer Sell 98,173.8 59,127.3 127,252.5 - - - 22,228.2 * 35,361.5 - - - 72,537.4 * 22,018.3 - - *
Dealer to Dealer 17,552.2 - * - - - * * - - - - 5,245.1 - - - - -
<= $1MM 5,122.9 3,442.4 18,221.5 - - - 3,279.5 5,000.0 * - - - 6,505.2 * * - - *
<= $10MM 67,256.8 66,861.5 97,352.0 - - - 37,457.4 20,000.0 52,650.0 - - - 121,799.9 * 26,358.4 - - *
> $10MM 163,642.9 * 99,251.0 - - - - - * - - - * - * - - 665,716.0
NUMBER OF TRADES 46 31 91 - - - 23 10 20 - - - 68 5 9 - - 12
Customer Buy 19 10 40 - - - 11 * 10 - - - 22 * * - - 11
Customer Sell 22 21 50 - - - 11 * 10 - - - 25 * 5 - - *
Dealer to Dealer 5 - * - - - * * - - - - 21 - - - - -
<= $1MM 21 13 61 - - - 8 5 * - - - 35 * * - - *
<= $10MM 17 16 22 - - - 15 5 16 - - - 31 * 5 - - *
> $10MM 8 * 8 - - - - - * - - - * - * - - 10

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 - - - 95.2 98.9 99.6 - - - 92.7 98.5 98.4 - - - 82.5 84.6 99.8 - - *
Weighted Avg. Price - - - 94.8 98.3 99.7 - - - 92.3 98.5 99.4 - - - 77.2 84.1 100.2 - - *
Avg. Price Bottom 5 Trades - - - 90.2 91.0 95.1 - - - 88.6 93.6 92.2 - - - 57.4 58.1 96.5 - - *
2nd Quartile Price - - - 92.4 99.1 99.1 - - - 90.5 98.1 97.2 - - - 66.0 65.9 99.0 - - *
3rd Quartile Price - - - 96.0 99.8 100.0 - - - 93.7 99.3 99.6 - - - 91.3 98.3 100.0 - - *
4th Quartile Price - - - 98.7 101.1 100.2 - - - 96.5 99.6 100.3 - - - 99.0 100.0 100.4 - - *
Avg. Price Top 5 Trades - - - 99.4 102.4 102.9 - - - 96.9 101.3 101.3 - - - 99.6 99.9 102.7 - - *
Standard Deviation - - - 3.9 3.4 1.1 - - - 3.1 2.5 2.6 - - - 18.8 21.2 1.3 - - *
VOLUME OF TRADES (000'S) - - - 81,178.5 131,946.8 1,260,917.4 - - - 139,703.0 142,301.5 433,832.2 - - - 78,561.1 46,120.6 608,858.1 - - *
Customer Buy - - - 39,099.0 68,909.4 620,493.4 - - - 84,266.7 58,396.0 226,411.3 - - - 38,920.6 24,970.6 292,957.1 - - *
Customer Sell - - - 42,079.5 62,037.4 586,306.3 - - - 55,436.3 68,895.5 205,420.9 - - - 39,630.6 21,150.0 310,151.0 - - *
Dealer to Dealer - - - - * 54,117.8 - - - - * * - - - * - * - - -
<= $1MM - - - 4,514.5 14,993.2 52,466.0 - - - 8,881.8 10,456.0 33,053.3 - - - * * 12,438.4 - - *
<= $10MM - - - 54,984.0 90,535.0 570,954.5 - - - 72,434.1 108,262.5 227,828.9 - - - 77,841.1 45,189.0 421,144.7 - - *
> $10MM - - - * * 637,496.8 - - - * * 172,950.0 - - - - - 175,275.0 - - -
NUMBER OF TRADES - - - 23 55 311 - - - 26 49 156 - - - 19 17 124 - - *
Customer Buy - - - 8 24 134 - - - 13 22 73 - - - 8 10 66 - - *
Customer Sell - - - 15 30 171 - - - 13 24 81 - - - 10 7 55 - - *
Dealer to Dealer - - - - * 6 - - - - * * - - - * - * - - -
<= $1MM - - - 9 30 127 - - - 12 22 80 - - - * * 21 - - *
<= $10MM - - - 12 23 149 - - - 11 25 65 - - - 15 14 93 - - *
> $10MM - - - * * 35 - - - * * 11 - - - - - 10 - - -

* 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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