Here's your summary from Bond Markets Priced in EU Vote Ahead of Results: Perret (https://www.youtube.com/watch?v=IetRNvEZnL0) on the Bloomberg Television channel:

**TLDR:** Bond markets had already priced in the impact of the European elections before the results were announced, with a focus on monetary policy over fiscal implications.

1. The European elections were not a surprise in terms of fiscal impact, with pressure on bond markets and fiscal stances in countries like France.

2. Long-term implications for Europe include impacts on immigration, the green transition, and fiscal stance, but current focus for bond markets is on monetary policy and rate cuts.

3. Expectations for rate cuts and easing cycles are more important for bond markets in the current outlook than fiscal policies.

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