Financial filings just pulled back the curtain on Donald Trump’s post-return investment moves — and they’re big. According to disclosures from the US Office of Government Ethics, the president has bought more than $100 million in company and municipal bonds since taking office again in January.

From January 21 through August 1, Trump made nearly 700 purchases, scooping up bonds from heavyweights like Wells Fargo, Morgan Stanley, Citigroup, and even household brands like Meta, UnitedHealth, T-Mobile, and The Home Depot.

He’s also spread money into municipal bonds across states such as Texas, Florida, and New York, funding everything from hospitals and schools to airports, ports, and gas projects.

Interestingly, he didn’t report selling anything during that stretch — just buying.

Bonds are basically loans to companies or governments in return for interest. If the Federal Reserve cuts rates, bond prices climb. And here’s the kicker: Trump has been loudly demanding rate cuts. Ethics experts say that means his personal investments could benefit directly from policies he’s pushing as president.

Every US president since 1978 either put assets in a blind trust or limited investments to mutual funds to avoid conflicts of interest. Trump? He passed his empire to a family-run trust and kept investing.

Critics have called this a recipe for conflicts, with government ethics lawyer Richard Painter pointing out the obvious link between Trump’s Fed pressure and his bond-heavy portfolio: “When interest rates go down, bond prices go up. No wonder he’s leaning on the Fed for a rate cut!”

For context, Bloomberg estimates Trump’s net worth at around $6.4 billion. And this latest disclosure shows he’s still blending business with politics — in ways that spark plenty of questions.