President Donald Trump has gone on a bond-buying spree since taking office, reportedly sinking more than $100 million into debt issued by big companies and municipal governments alike.
Trump put millions of dollars behind his bond strategy in February including between $500,000 and $1 million each into bonds issued by companies such as Home Depot, T-Mobile, and United Healthcare. Another bet of between $250,000 and $500,000 went into debt issued by Meta, based on a CNBC calculation of 690 transactions reported to the Office of Government Ethics since January and published Tuesday. He has also bought debt issued by local U.S. governments, gas districts, water supply districts, hospital authorities, and school boards, according to CNBC.
The White House did not immediately respond to Fortune’s request for comment.
Investors usually turn to bonds because they are less volatile than stocks. A bond is like a loan that pays…
