Donald Trump Purchases $103 Million in Corporate and Municipal Bonds

Donald Trump purchased at least $103 million in corporate and municipal bonds between his January 20 inauguration and August 1. Filings from the U.S. Office of Government Ethics show the president conducted approximately 690 transactions during this period, focusing on megabanks including Morgan Stanley, Wells Fargo, and Citigroup.

His portfolio also includes municipal bonds from airports, school districts, and the New York Triborough Bridge and Tunnel Authority. The records indicate these aggressive purchases were made without any corresponding sales, a strategy that suggests a bet on falling interest rates to increase the value of the holdings.

This investment activity has raised concerns regarding potential conflicts of interest. Critics suggest that administration policies could directly influence the corporations and municipalities whose debt the president currently owns.