Since returning to the White House in January 2025, President Donald Trump has purchased over $100 million in bonds, including corporate, state, and municipal debt, according to disclosures from the Office of Government Ethics. These transactions, totaling approximately 690 purchases through August 1, involve companies such as Meta, Qualcomm, and Wells Fargo, as well as various U.S. states and municipalities. Observers note that Trump's bond acquisitions coincide with his public calls for Federal Reserve interest rate cuts, which typically increase bond prices. This active bond trading by a sitting president has drawn attention for its timing and scale. Additionally, Trump has released disclosures showing millions of dollars in equity and other asset purchases in July 2025. The bond buying activity contrasts with his historical investment patterns, as he previously avoided gold stocks and shares, focusing instead on other asset classes.