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Muni Sector Has Started to Heal

Local finances are still strained and stressed, but the sector has fundamentally started to improve, says PIMCO's John Cummings.

Miriam Sjoblom: Hi, I'm Miriam Sjoblom, associate director of fund analysis at Morningstar, and I'm here at the Morningstar Investment Conference with John Cummings, who is the head of PIMCO's municipal bond desk. Thanks for joining us, John.

John Cummings: Thank you. Thank you for having me.