Financial disclosure forms made public on Saturday show that U.S. President Donald Trump bought at least $51 million in bonds during March. The documents, filed with the U.S. Office of Government Ethics, list 175 financial transactions for the month but present values only in ranges rather than precise figures.
Much of the disclosed activity centers on municipal bonds. The filings indicate that a majority of the assets were municipal bonds issued by states, counties, school districts and other entities with links to government agencies or public-private partnerships.
Among the president's largest entries were 26 transactions listed in the $1 million to $5 million range. Those larger moves were primarily purchases of municipal bonds or U.S. Treasuries. Two of the 26 larger transactions were recorded as purchases of corporate bond offerings from Weyerhaeuser and General Motors. In addition to direct bond purchases, the disclosures show an investment in an exchange-traded fund that tracks a high-yield bond index.
The set of corporate bond purchases spans multiple sectors. Issuers named in the filings include companies across energy, technology, healthcare and financial services. Specific corporate issuers listed are Constellation Energy, Occidental Petroleum, Broadcom, Nvidia, Meta Platforms, Microsoft and major Wall Street banks Citigroup, Goldman Sachs and JPMorgan Chase. The filings also record a purchase linked to Boeing.
Because the forms use value ranges rather than exact figures, the filings provide a maximum combined value for the president's bond purchases across all asset classes of about $161 million. The documents do not break out precise dollar amounts for each sale or purchase.
The disclosures provide a sector-spanning view of fixed income activity during March, but they also leave precise exposure levels unclear because of the range-based reporting format. The filings highlight activity in municipal markets, U.S. Treasuries, corporate debt across multiple industries and participation in a high-yield bond ETF.
Summary
Disclosures filed with the Office of Government Ethics show President Trump conducted 175 transactions in March, including at least $51 million in bond purchases. The activity includes municipal bonds, U.S. Treasuries, corporate issuers across energy, technology, healthcare and financial services, and an ETF tied to a high-yield bond index. The combined maximum value of all bond purchases is about $161 million.