French Bonds Not Looking Attractive: Carmignac Gestion

The video discusses the fluctuations in basis points between French and German spreads, highlighting the impact of political and financial crises on these spreads. It explores the potential consequences of a budget crisis and the resignation of key political figures, such as Macron, on market stability. The video also analyzes the French debt market, focusing on bond yields and their attractiveness to investors.

What was the French-German bond spread before it retraced to 80 basis points?

• 100 basis points

• 70 basis points

• 90 basis points

• 60 basis points

What event is considered the start of the political crisis mentioned in the transcript?

• The financial crisis

• The resignation of Mr. Macron

• The budget crisis

• The snap elections last June

What is the main concern if Mr. Macron resigns?

• A new financial crisis

• An increase in bond yields

• A vacuum in government positions

• A decrease in market stress

What yield to maturity is mentioned for the French 10-year bond?

• Above 5%

• Below 3%

• Exactly 4%

• Around 6%

What has been the trend in bond yields since the snap elections?

• Bond yields have been increasing

• Bond yields have been stable

• Bond yields have been decreasing

• Bond yields have been fluctuating