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President Donald Trump has reportedly purchased over $100 million in bonds since taking office.
According to a report by CNBC based on the filings to the U.S. Office of Government Ethics (OGE), President Trump acquired bonds issued by local authorities, gas districts, and major American firms.
While the precise value of Trump’s bond purchases is not known, since the filings do not require the exact purchase prices, the report noted that the President’s investments cross the $100 million mark even at the lowest end of the value for each listed transaction.
Some big American companies also feature in President Trump’s bond investments – this includes bonds worth $500,000 and $1,000,000 each in UnitedHealth Group Inc. (UNH), T-Mobile US Inc. (TMUS), and Home Depot Inc. (HD) in February. President Trump also bought between $250,000 and $500,000 in bonds issued by Meta Platforms Inc. (META), the report said.
In addition to companies, President Trump also acquired bonds issued by water supply districts, hospitals, and school boards, according to the report.
According to Forbes, President Trump’s wealth stood at $5.5 billion at the time of writing, surging from $2.1 billion during the last year of his first term.
Meanwhile, U.S. equities declined in Wednesday morning’s trade. At the time of writing, the SPDR S&P 500 ETF (SPY), which tracks the S&P 500 index, was down 0.72%, while the Invesco QQQ Trust (QQQ) fell 1.34%. Retail sentiment around the S&P 500 ETF on Stocktwits was in the ‘bearish’ territory.
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