U.S. President Donald Trump has been on a multimillion-dollar bond-buying spree since taking office, investing in debt issued by local authorities, gas districts and major American corporations.
Across 33 pages of filings to the U.S. Office of Government Ethics (OGE), dated Aug. 12, the president outlined 690 transactions that have taken place since he took office. The documents were made public on Tuesday.
According to CNBC calculations, the purchases had a total value of at least $100 million, assuming the lower value end listed for each disclosed transaction.
By law, the U.S. president, vice president and other select officials must periodically declare “reportable transactions” to the OGE. The precise value of these dealings does not have to be reported.
The extensive lists filed earlier this month show that, over the course of this year, Trump has bought bonds sold by various entities, including local U.S. governments, as well as gas districts, water supply districts, hospital authorities and school boards.
