Munis could be a beneficiary of Fed's dovishness, says First Eagle's John Miller

Means from Eunice is John Miller, head of municipal credit at First Eagle Investments. John, it's great to have you here on set. Welcome.>> Thank you very much. Thanks for having me. >> So what does a possible rate cut in September mean.>> Well, munis have lagged so far this year and they've had to absorb a significant amount of new issue supply. Record amounts of new issue. Supply and demand has been a little tepid, as people have been parked on the sidelines in cash or cash equivalents.If those cash rates ...