Wildfires in the mortgage-backed derivatives market have burned some municipal issuers recently, but investors aren't hitting the panic button.

Municipalities in Ohio, Texas, Florida, and Maryland suffered big losses over the past year after investing in mortgage-backed derivatives to boost the yield on their investments.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.