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Trump Buys $82M in Bonds, Ethics Filings Show

Published 23 November 2025

President Donald Trump purchased at least $82 million in corporate and municipal bonds between late August and early October, financial disclosures released Saturday by the U.S. Office of Government Ethics showed. The filings, required under the 1978 Ethics in Government Act, detailed more than 175 transactions from August 28 through October 2, with the maximum reported value exceeding $337 million. Most of the investments involved bonds issued by municipalities, states, counties, school districts, and other public entities across the United States.

The disclosures highlighted Trump's acquisitions in sectors that have seen advantages from administration policies, including financial deregulation and technology initiatives. Corporate bonds included offerings from chipmakers such as Broadcom, Qualcomm, and Intel; technology companies like Meta Platforms and Netflix; retailers including Home Depot and CVS Health; health insurer UnitedHealth; aerospace firm Boeing; and Wall Street institutions such as Goldman Sachs, Morgan Stanley, and JPMorgan Chase. Notably, Trump acquired Intel bonds shortly after the federal government, under his direction, took nearly a 10 percent stake in the...

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