The president is tweeting more — and he’s moving markets with it.
There is now a tangible way to measure the economic effects of Donald Trump’s shitposting on Twitter.
The investment bank JPMorgan Chase has created the Volfefe Index to track the impact of Trump tweets on Treasury yields. As defined at Investopedia:
Treasury yield is the return on investment, expressed as a percentage, on the U.S. government's debt obligations. Looked at another way, the Treasury yield is the interest rate that the U.S. government pays to borrow money for different lengths of time.
Ultimately, Treasury yields have an effect on interest rates all through the US economy. The Volfefe Index is a tool to give investors insight on the direction of Treasury bills (T-bills), Treasury notes (T-notes), and Treasury bonds (T-bonds).
Fine, but what we could really use is an index to mark the effect that Trump is having on national sanity in the US.