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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

SEPTEMBER Settlement

METRIC	COUPON
	<= 3.5	4	4.5	5	5.5	6	> 6
UMBS
AVERAGE PRICE	90.7	94.7	96.7	98.8	100.4	101.8	-
Weighted Avg. Price	90.2	94.7	96.7	98.8	100.4	101.9	-
Avg. Price Bottom 5 Trades	87.5	94.5	96.5	98.6	100.3	101.8	-
2nd Quartile Price	89.4	94.6	96.6	98.7	100.3	101.7	-
3rd Quartile Price	91.1	94.8	96.7	98.7	100.4	101.8	-
4th Quartile Price	92.2	94.8	96.8	98.9	100.5	102.0	-
Avg. Price Top 5 Trades	93.1	94.8	96.8	98.9	100.5	102.0	-
Standard Deviation	1.9	0.1	0.1	0.1	0.1	0.1	-
VOLUME OF TRADES (000'S)	3,403,491.9	503,816.3	2,632,568.5	2,375,956.2	1,375,414.5	117,202.7	-
NUMBER OF TRADES	107	27	73	118	69	31	-
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	-	-	-	-	-	-	-

OCTOBER Settlement

METRIC	COUPON
	<= 3.5	4	4.5	5	5.5	6	> 6
UMBS
AVERAGE PRICE	90.6	94.6	96.6	98.6	100.2	101.7	-
Weighted Avg. Price	90.2	94.6	96.6	98.6	100.3	101.8	-
Avg. Price Bottom 5 Trades	87.5	94.5	96.4	98.5	100.1	101.6	-
2nd Quartile Price	89.4	94.6	96.5	98.6	100.2	101.6	-
3rd Quartile Price	91.1	94.6	96.6	98.6	100.2	101.8	-
4th Quartile Price	92.2	94.7	96.7	98.7	100.3	101.8	-
Avg. Price Top 5 Trades	93.0	94.7	96.7	98.8	100.4	101.8	-
Standard Deviation	1.8	0.1	0.1	0.1	0.1	0.1	-
VOLUME OF TRADES (000'S)	3,928,745.9	587,411.0	2,888,750.6	2,973,349.3	1,701,500.5	203,402.7	-
NUMBER OF TRADES	131	31	58	101	59	22	-
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	-	-	-	-	-	-	-

NOVEMBER Settlement

METRIC	COUPON
	<= 3.5	4	4.5	5	5.5	6	> 6
UMBS
AVERAGE PRICE	*	94.5	96.4	98.5	100.0	101.6	-
Weighted Avg. Price	*	94.6	96.5	98.5	100.0	101.5	-
Avg. Price Bottom 5 Trades	*	94.5	96.4	98.3	100.0	101.6	-
2nd Quartile Price	*	*	*	98.4	100.0	*	-
3rd Quartile Price	*	*	*	98.5	100.0	*	-
4th Quartile Price	*	*	*	98.6	100.1	*	-
Avg. Price Top 5 Trades	*	94.5	96.4	98.7	100.1	101.6	-
Standard Deviation	*	0.3	0.1	0.1	0.1	0.1	-
VOLUME OF TRADES (000'S)	*	57,700.0	78,000.0	359,442.1	146,064.0	20,800.0	-
NUMBER OF TRADES	*	5	5	22	14	6	-
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	-	-	-	-	-	-	-

DECEMBER 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

SEPTEMBER Settlement

METRIC	COUPON
	<= 3.5	4	4.5	5	5.5	6	> 6
UMBS
AVERAGE PRICE	82.1	90.1	92.7	95.4	98.0	100.5	102.9
Weighted Avg. Price	82.5	90.0	92.6	95.3	98.0	100.5	102.8
Avg. Price Bottom 5 Trades	73.9	89.9	92.4	95.1	97.7	100.3	102.3
2nd Quartile Price	80.3	90.0	92.5	95.3	97.9	100.4	102.5
3rd Quartile Price	80.5	90.1	92.6	95.3	98.0	100.4	102.6
4th Quartile Price	84.7	90.1	92.7	95.4	98.0	100.5	102.7
Avg. Price Top 5 Trades	89.9	90.5	93.2	95.9	99.7	101.0	105.7
Standard Deviation	4.1	0.1	0.2	0.2	0.3	0.2	1.0
VOLUME OF TRADES (000'S)	11,081,850.2	6,159,187.1	7,410,710.5	11,478,261.0	10,139,556.7	11,215,076.7	3,669,061.1
NUMBER OF TRADES	332	98	120	222	321	264	170
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	83.0	89.0	92.3	95.6	98.2	100.7	102.9
Weighted Avg. Price	80.7	89.1	92.4	95.6	98.2	100.6	102.7
Avg. Price Bottom 5 Trades	78.8	88.8	91.9	95.3	97.8	100.0	101.0
2nd Quartile Price	79.1	88.8	92.1	95.4	98.1	100.5	102.6
3rd Quartile Price	82.5	88.9	92.3	95.5	98.2	100.6	102.8
4th Quartile Price	86.0	89.2	92.4	95.6	98.4	100.7	103.0
Avg. Price Top 5 Trades	86.6	89.3	92.6	96.0	98.8	101.8	105.3
Standard Deviation	3.2	0.2	0.2	0.2	0.2	0.3	0.8
VOLUME OF TRADES (000'S)	3,697,705.3	230,576.3	3,119,264.4	5,840,908.9	11,496,294.9	6,683,760.4	1,391,804.9
NUMBER OF TRADES	98	26	48	85	285	312	112

OCTOBER Settlement

METRIC	COUPON
	<= 3.5	4	4.5	5	5.5	6	> 6
UMBS
AVERAGE PRICE	82.3	89.9	92.4	95.1	97.7	100.2	102.5
Weighted Avg. Price	82.8	89.9	92.4	95.1	97.7	100.1	102.4
Avg. Price Bottom 5 Trades	73.9	89.6	92.1	94.8	97.4	99.9	102.0
2nd Quartile Price	80.1	89.8	92.3	94.9	97.6	100.0	102.2
3rd Quartile Price	83.8	90.0	92.5	95.1	97.8	100.2	102.3
4th Quartile Price	87.1	90.0	92.6	95.2	97.8	100.2	102.4
Avg. Price Top 5 Trades	90.1	90.3	92.8	95.5	99.6	101.2	105.6
Standard Deviation	4.1	0.1	0.1	0.2	0.2	0.2	0.8
VOLUME OF TRADES (000'S)	19,896,745.8	11,822,148.2	22,835,014.7	54,914,835.1	53,980,482.5	81,751,134.5	10,596,310.1
NUMBER OF TRADES	825	313	467	1,224	1,475	1,122	324
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	82.1	88.9	92.2	95.5	98.1	100.4	102.4
Weighted Avg. Price	80.5	88.9	92.3	95.5	98.1	100.4	102.4
Avg. Price Bottom 5 Trades	78.8	88.7	91.8	95.1	97.7	100.1	102.2
2nd Quartile Price	79.0	88.7	92.0	95.3	97.9	100.3	102.3
3rd Quartile Price	82.3	88.8	92.2	95.4	98.1	100.4	102.4
4th Quartile Price	85.8	89.0	92.3	95.5	98.2	100.5	102.5
Avg. Price Top 5 Trades	86.6	89.2	92.4	95.9	98.8	100.7	102.7
Standard Deviation	3.1	0.2	0.2	0.2	0.2	0.1	0.1
VOLUME OF TRADES (000'S)	3,654,889.5	1,444,505.0	4,333,229.2	8,234,826.0	11,106,035.9	7,928,424.0	1,068,768.0
NUMBER OF TRADES	78	28	62	122	254	312	83

NOVEMBER Settlement

METRIC	COUPON
	<= 3.5	4	4.5	5	5.5	6	> 6
UMBS
AVERAGE PRICE	*	*	92.4	94.8	97.5	99.9	102.1
Weighted Avg. Price	*	*	92.4	94.9	97.6	99.8	102.1
Avg. Price Bottom 5 Trades	*	*	92.4	94.7	97.2	99.7	101.9
2nd Quartile Price	*	*	92.3	94.7	97.3	99.8	101.9
3rd Quartile Price	*	*	92.6	94.8	97.5	99.9	102.0
4th Quartile Price	*	*	92.7	95.0	97.6	100.0	102.2
Avg. Price Top 5 Trades	*	*	92.5	95.1	97.7	100.3	103.3
Standard Deviation	*	*	0.2	0.2	0.2	0.1	0.4
VOLUME OF TRADES (000'S)	*	*	435,500.0	455,020.0	2,663,449.9	41,767,373.0	2,992,750.0
NUMBER OF TRADES	*	*	6	26	114	377	95
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	-	88.7	91.9	95.1	97.9	100.1	102.1
Weighted Avg. Price	-	88.8	92.1	95.1	97.9	100.2	102.2
Avg. Price Bottom 5 Trades	-	88.7	91.8	95.0	97.7	99.9	101.9
2nd Quartile Price	-	*	91.8	95.0	97.7	100.0	102.0
3rd Quartile Price	-	*	91.9	95.0	97.8	100.1	102.1
4th Quartile Price	-	*	92.2	95.3	98.0	100.2	102.2
Avg. Price Top 5 Trades	-	88.7	92.0	95.2	98.1	100.4	102.3
Standard Deviation	-	0.1	0.1	0.1	0.2	0.1	0.1
VOLUME OF TRADES (000'S)	-	1,326,000.0	549,000.0	61,000.0	1,399,250.0	2,396,500.0	560,000.0
NUMBER OF TRADES	-	10	11	13	57	194	42

DECEMBER 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.

Effective April 25^th, 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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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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