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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 03/30/2026 to 04/02/2026

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 95.6 91.4 90.6 100.1 100.6 99.6 98.9 6.3 - 15.3 - 3.9 * -
Weighted Avg. Price 92.8 90.2 90.5 100.3 100.1 100.4 98.6 5.3 - 3.3 - 3.1 * -
Avg. Price Bottom 5 Trades 70.4 86.6 84.8 95.8 96.6 95.5 97.1 5.7 - 8.9 - 3.9 * -
2nd Quartile Price 94.9 88.7 87.3 99.9 99.8 99.0 98.3 5.7 - 0.4 - * * -
3rd Quartile Price 97.7 89.3 90.8 100.6 100.9 100.0 99.1 8.9 - 0.5 - * * -
4th Quartile Price 99.2 99.1 95.0 101.2 101.6 100.4 100.0 9.5 - 59.9 - * * -
Avg. Price Top 5 Trades 100.0 99.3 97.3 101.8 103.4 102.5 100.4 6.9 - 20.3 - 3.9 * -
Standard Deviation 5.9 6.1 4.7 1.9 1.7 1.7 1.2 2.6 - 27.6 - 1.9 * -
VOLUME OF TRADES (000'S) 391,277.8 80,352.6 54,663.5 184,516.1 93,032.1 501,893.9 565,459.4 222,890.7 - 2,750,614.2 - 511,033.2 * -
Customer Buy 140,683.9 14,604.6 16,188.2 92,907.0 18,714.9 417,682.2 310,842.3 * - * - * * -
Customer Sell 179,178.6 58,158.4 36,102.2 88,301.5 38,521.9 82,949.6 173,119.9 * - * - * - -
Dealer to Dealer 71,415.3 * * * 35,795.3 1,262.1 81,497.3 - - - - - - -
<= $1MM 28,894.8 * 5,182.9 2,547.2 5,398.4 7,237.3 8,068.4 - - - - - - -
<= $10MM 229,169.4 50,862.6 49,480.6 101,321.6 41,597.6 67,420.4 52,275.0 - - - - - - -
> $10MM 133,213.7 * - 80,647.3 * 427,236.1 505,116.0 222,890.7 - 2,750,614.2 - 511,033.2 * -
NUMBER OF TRADES 212 16 29 44 75 90 38 6 - 8 - 5 * -
Customer Buy 67 8 12 15 20 37 25 * - * - * * -
Customer Sell 102 7 15 25 38 37 5 * - * - * - -
Dealer to Dealer 43 * * * 17 16 8 - - - - - - -
<= $1MM 122 * 15 15 61 61 11 - - - - - - -
<= $10MM 82 13 14 24 12 18 14 - - - - - - -
> $10MM 8 * - 5 * 11 13 6 - 8 - 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 96.5 89.3 * - 103.6 104.1 -
Weighted Avg. Price 97.1 89.4 * - 103.8 104.3 -
Avg. Price Bottom 5 Trades 90.0 88.8 * - 102.8 103.8 -
2nd Quartile Price 94.3 89.1 * - 103.5 104.5 -
3rd Quartile Price 98.4 89.4 * - 103.8 104.6 -
4th Quartile Price 99.1 89.9 * - 104.7 105.5 -
Avg. Price Top 5 Trades 99.6 89.8 * - 104.4 104.6 -
Standard Deviation 2.9 0.7 * - 1.5 1.4 -
VOLUME OF TRADES (000'S) 185,351.8 14,853.1 * - 7,358.0 4,756.0 -
Customer Buy 83,600.6 * * - 6,245.0 4,379.0 -
Customer Sell 92,935.1 13,263.4 * - * * -
Dealer to Dealer * - - - * - -
<= $1MM 14,181.3 2,299.3 * - 3,088.0 * -
<= $10MM 150,386.0 * - - * * -
> $10MM * - - - - - -
NUMBER OF TRADES 83 9 * - 10 6 -
Customer Buy 35 * * - 5 5 -
Customer Sell 44 5 * - * * -
Dealer to Dealer * - - - * - -
<= $1MM 34 6 * - 9 * -
<= $10MM 48 * - - * * -
> $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-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 97.9 97.4 102.7 2.8 - 3.5 91.4 89.7 79.3 3.1 - - 62.4 * 100.4 3.1 * -
Weighted Avg. Price 97.9 95.8 102.3 3.0 - 3.5 89.5 93.3 81.8 0.8 - - 48.5 * 100.5 3.6 * -
Avg. Price Bottom 5 Trades 93.9 90.0 99.9 2.7 - 3.5 72.7 88.1 74.1 2.3 - - 16.7 * 99.8 1.6 * -
2nd Quartile Price 97.4 94.2 101.8 2.5 - * 93.8 89.6 75.7 2.4 - - 37.1 * 100.1 1.6 * -
3rd Quartile Price 98.8 102.6 103.0 2.5 - * 95.5 97.8 76.0 4.1 - - 72.6 * 100.4 2.7 * -
4th Quartile Price 99.3 105.4 103.6 3.5 - * 98.4 98.0 88.3 4.1 - - 88.7 * 102.1 4.3 * -
Avg. Price Top 5 Trades 99.7 104.9 104.3 3.0 - 3.5 98.9 91.4 83.6 3.6 - - 90.4 * 101.0 4.9 * -
Standard Deviation 1.9 6.9 1.3 0.5 - 0.6 11.0 7.3 6.7 1.3 - - 28.1 * 1.4 2.0 * -
VOLUME OF TRADES (000'S) 112,493.8 47,043.9 159,868.2 183,580.2 - 671,551.4 53,286.3 23,750.0 24,028.0 462,443.0 - - 52,281.4 * 39,682.9 211,872.6 * -
Customer Buy 54,773.8 16,701.0 73,182.2 63,560.9 - * 22,480.8 * 14,840.0 266,831.5 - - 21,631.6 - * 165,974.0 - -
Customer Sell 43,138.8 30,342.9 86,686.0 * - * 30,805.4 * 9,188.0 * - - 26,675.3 * * * * -
Dealer to Dealer 14,581.2 - - 91,970.6 - - - - - - - - 3,974.5 - - - - -
<= $1MM 21,437.8 * 16,487.2 - - - 7,724.3 * * - - - 4,163.1 * - - - -
<= $10MM 91,056.0 44,813.0 79,881.0 49,717.1 - - 45,561.9 * 21,852.0 53,283.0 - - 48,118.3 * 39,682.9 165,974.0 * -
> $10MM - - * 133,863.2 - 671,551.4 - - - 409,160.0 - - - - - * - -
NUMBER OF TRADES 78 14 68 12 - 7 29 6 11 15 - - 35 * 7 33 * -
Customer Buy 31 6 42 5 - * 13 * 6 13 - - 9 - * 30 - -
Customer Sell 37 8 26 * - * 16 * 5 * - - 16 * * * * -
Dealer to Dealer 10 - - 6 - - - - - - - - 10 - - - - -
<= $1MM 51 * 47 - - - 14 * * - - - 19 * - - - -
<= $10MM 27 10 17 6 - - 15 * 7 10 - - 16 * 7 30 * -
> $10MM - - * 6 - 7 - - - 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-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 - - - 97.2 98.2 99.9 - - - 91.2 96.3 99.5 * - - 91.0 97.6 99.3 * - 100.4
Weighted Avg. Price - - - 96.7 99.3 100.0 - - - 94.3 97.3 99.4 * - - 89.8 95.3 99.7 * - 100.5
Avg. Price Bottom 5 Trades - - - 94.6 87.5 95.1 - - - 77.3 80.3 95.4 * - - 77.7 92.9 92.6 * - 100.3
2nd Quartile Price - - - 94.7 98.5 99.8 - - - 89.4 97.5 99.1 * - - 84.8 98.3 98.8 * - 100.5
3rd Quartile Price - - - 98.8 99.6 100.0 - - - 94.3 99.9 100.0 * - - 93.9 98.6 99.9 * - 100.5
4th Quartile Price - - - 99.2 100.6 100.3 - - - 97.5 100.0 100.2 * - - 96.0 99.2 100.5 * - 100.6
Avg. Price Top 5 Trades - - - 99.4 102.1 102.3 - - - 99.4 100.3 103.1 * - - 100.0 99.8 102.6 * - 100.6
Standard Deviation - - - 2.3 4.8 1.3 - - - 9.2 8.0 1.7 * - - 7.0 3.3 2.2 * - 0.3
VOLUME OF TRADES (000'S) - - - 22,523.8 38,138.9 456,872.5 - - - 81,557.3 102,787.5 203,926.4 * - - 215,718.5 63,801.6 379,737.6 * - 24,599.0
Customer Buy - - - 15,710.9 14,539.9 312,956.8 - - - 30,463.4 43,578.9 102,440.9 * - - 102,518.3 37,212.7 190,820.6 * - *
Customer Sell - - - 6,813.0 18,782.0 132,135.8 - - - 51,094.0 56,862.6 96,425.5 * - - 112,182.0 21,971.5 188,917.0 * - *
Dealer to Dealer - - - - * 11,780.0 - - - - * * - - - * * - - - -
<= $1MM - - - 3,436.3 8,778.9 23,221.8 - - - 6,098.1 9,855.4 10,324.6 - - - 3,479.9 * 16,014.0 - - *
<= $10MM - - - 19,087.5 29,360.0 316,302.7 - - - 54,509.2 48,446.1 123,414.9 * - - 183,733.5 62,167.3 271,073.6 - - 23,599.0
> $10MM - - - - - 117,348.0 - - - * * 70,187.0 - - - * - 92,650.0 * - -
NUMBER OF TRADES - - - 16 37 144 - - - 24 33 73 * - - 50 22 90 * - 8
Customer Buy - - - 10 17 86 - - - 8 14 35 * - - 24 12 49 * - *
Customer Sell - - - 6 19 53 - - - 16 16 36 * - - 23 9 41 * - *
Dealer to Dealer - - - - * 5 - - - - * * - - - * * - - - -
<= $1MM - - - 8 26 58 - - - 7 19 32 - - - 8 * 28 - - *
<= $10MM - - - 8 11 77 - - - 15 11 36 * - - 40 18 57 - - 7
> $10MM - - - - - 9 - - - * * 5 - - - * - 5 * - -

* 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.

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