The U.S. Department of Justice has filed charges against former FBI Director James Comey, accusing him of making threats against President Trump via Instagram posts. This legal action has sparked significant market volatility, with the yield on related assets rising from 44% to 52% following the announcement of a May 15 contract. Traders are closely monitoring developments, anticipating a resolution within 16 days, as the spread between the April 29 and May 15 contracts stands at 62 points. The indictment and potential arrest warrant have increased the likelihood of Comey's arrest before May 15, with market participants actively trading on this expectation.