Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTRobyn TellefsenSun, August 23, 2026 at 3:00 PM GMT+2 6 min readMoneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.President Donald Trump has been buying corporate and municipal bonds since returning to the White House in 2025 — and he hasn't exactly slowed down.In March alone, Trump made 175 financial transactions and bought at least $51 million in bonds, according to financial disclosures filed with the Office of Government Ethics. Most were municipal bonds issued by states, counties, school districts and other public entities (1).Must ReadJeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being oneJPMorgan sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Get your free guide from Priority GoldThe tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closesThat adds to a much larger wave of bond purchases during Trump's second term. Earlier filings put the potential value of one batch of purchases at more than $337 million, although the disclosures report values in broad ranges rather than exact amounts (2).Trump's March purchases also spanned a wide range of corporate bonds, including those tied to Nvidia, Broadcom, Meta, Microsoft, Boeing, Constellation Energy, Occidental Petroleum and major Wall Street banks, along with U.S. Treasuries (1).The purchases, while not illegal, have raised concerns about potential conflicts of interest. The White House has said the investments are managed by independent third-party financial institutions, according to Reuters (3).But there's another reason investors are paying attention to bonds right now — the Federal Reserve and the Treasury Department are both playing an increasingly important role in the direction of the bond market.So, should you follow Trump into bonds? First, it may be worth understanding what's happening in fixed income — and why it could matter for your portfolio.A Federal Reserve 'regime change'Trump's pick for Federal Reserve chair, financier Kevin Warsh, took over from former chair Jerome Powell in May. And while Warsh was handpicked by Trump, Warsh said he didn't make any promises to get the job."The president never once asked me to commit to any particular interest rate decision, period," Warsh said when being questioned by the Senate Banking Committee. "Nor would I ever agree to do so if he had" (4).Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info