France’s Prime Minister Sebastien Lecornu resigned just a day after President Emmanuel Macron named a new cabinet, deepening the country’s political crisis and sparking a selloff of French assets. The premier quit less than 24 hours after Macron announced a government that retained most senior members from previous cabinets. French bonds fell as investors braced for more political uncertainty. The yield on 10-year notes rose nine basis points to 3.6%. That widened the nation’s borrowing premium over German debt — a key gauge of fiscal risk — to over 89 basis points, the highest level since late 2024. In Japan, pro-stimulus lawmaker Sanae Takaichi’s near-certain elevation as Japan’s next prime minister jolted financial markets, with the yen and long-term bonds tumbling even as equities surged to all-time highs. Today's guests: Sophie Huynh, BNP Paribas Asset Management Portfolio Manager and Strategist, Fabrice Pothier, Rasmussen Global CEO, Ludovic Subran, Allianz CIO and Chief Economist Chapters: 00:00:00 - The Pulse 00:00:39 - French PM Lecornu Resigns 00:04:54 - European Stocks Fall as France Plunged Intro Crisis 00:12:28 - Takaichi Win Jolts Yen & Japanese Bonds 00:16:03 - France in Crisis as PM Lecornu Resigns 00:23:24 - Headlines: French Bonds Fall, Japan Stocks 00:24:36 - Economic Impact of France Political Crisis 00:28:23 - Allianz CIO Warns French 10-Year Yield Can Rise to 4% 00:39:56 - Outgoing French PM Lecornu Speaks After Shock Resignation 00:46:01 - French Equities Sell Off on Political Crisis -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts