Summary · why it matters
President Donald Trump made 175 financial transactions and bought at least $51 million in bonds in March, according to financial disclosures filed with the Office of Government Ethics. The purchases were mostly municipal bonds issued by states, counties, school districts and other public entities, and add to a larger wave of bond buying during his second term that earlier filings put at more than $337 million. Trump's March purchases also included corporate bonds tied to Nvidia, Broadcom, Meta, Microsoft, Boeing, Constellation Energy, Occidental Petroleum and major Wall Street banks, along with U.S. Treasuries. The White House has said the investments are managed by independent third-party financial institutions, according to Reuters. The buying comes as new Federal Reserve chair Kevin Warsh, who took over from Jerome Powell in May, is considered hawkish and has called for a 'regime change' at the central bank, while the Fed held its benchmark rate at 3.50% to 3.75% in July and three officials wanted a quarter-point hike. Treasury Secretary Scott Bessent also announced plans to double buybacks of 10- to 30-year Treasury bonds from $2 billion to at least $4 billion per operation, and the 30-year Treasury yield recently reached 5.34%, its highest since 2007.
Broadcom Inc
The Boeing Company
Constellation Energy Corp
Meta Platforms Inc.
Occidental Petroleum Corporation