Bonds do not move with stock prices like shares do. If the stock market crashes, Trump’s bond holdings (especially the many municipal bonds and U.S. Treasuries) should stay much steadier. The issuers — cities, states, school districts, or the U.S. government — still have to pay the same fixed interest on schedule and repay the principal at maturity, as long as they don’t default.
Corporate bonds usually drop far less than the company’s stock. Bondholders get paid fixed interest and get their money back at maturity before shareholders see anything. The company still owes the same interest no matter how low the stock price goes.
BREAKING: Trump bought at least $51 million in bonds in March
— unusual_whales (@unusual_whales) April 25, 2026
According to the U.S. Office of Government Ethics disclosures, Trump’s March bond purchases (at least $51M across 175 transactions, possibly up to $161M total) were mainly municipal bonds (issued by states, counties, school districts, etc.) and U.S. Treasuries for the largest ones ($1M–$5M range each).
Some were corporate bonds from sectors like tech (Nvidia, Broadcom, Microsoft, Meta), energy (Occidental Petroleum, Constellation Energy), finance (Citigroup, Goldman Sachs, JPMorgan), and others (Boeing, General Motors, Weyerhaeuser), plus one high-yield bond ETF.
-Grok