President Donald Trump purchased bonds worth up to $161 million in March 2026. This information was revealed in the Periodic Transaction Report published by the U.S. Office of Government Ethics.
This report was released just days before the Federal Open Market Committee meets to decide on interest rates. This decision could cause significant volatility in bond prices across the market.
The report indicates large bond purchases across multiple sectors.
This report includes a total of 175 transactions, comprising 164 purchase transactions and 11 sale transactions. Mr. Trump's report uses price ranges instead of specific figures. The total value of the bond purchases is at least $51 million, based on the lowest estimated price ranges.
Many of the largest transactions ranged from $1 million to $5 million. The majority of these investments were in U.S. municipal or government bonds . The total value of these transactions amounted to approximately $161 million.
In addition, Trump also purchased corporate bonds issued by Nvidia, Microsoft, Goldman Sachs, and Boeing . Other issuers mentioned in the report include Citigroup, Netflix, General Motors, Broadcom, and Meta.
The report also stated that Mr. Trump owns a high-yield bond ETF.
The Fed's interest rate decision can cause bond prices to fluctuate.
The Federal Open Market Committee will begin its two-day meeting on Tuesday. The committee is expected to announce its interest rate decision on Wednesday at 2 p.m. Eastern Time.
Most recently, the Fed cut the benchmark interest rate by another 25 basis points in December, marking the third reduction in 2025.
U.S. Treasury yields fell following the decision, driving bond prices higher across the market. The 10-year yield alone dropped by more than three basis points immediately after the announcement.
If the Fed cuts interest rates a second time, the bond market could see a similar surge, as bond prices typically move inversely to interest rates. Investors will be watching Wednesday's decision to determine whether the bond price rally will continue.
