The U.S. Treasury conducted auctions for various securities this week, including $58 billion in 3-year notes at a high yield of 3.824%, which was up from the previous month but below the six-auction average. The auction showed a tail of -0.2 basis points, indicating stronger demand than the previous auction and the six-auction average. Additionally, $72 billion in 6-month bills were sold at 4.09% and $81 billion in 3-month bills at 4.22%. The Federal Reserve engaged in significant bond purchases, acquiring $20 billion in 3-year notes, the largest daily purchase since the 2021 quantitative easing era. This move involved direct injections into the market, rather than routine auctions. The Fed is also set to purchase $42 billion in 10-year bonds at a 4.25% coupon, with the auction scheduled for 1pm. The Fed's bids for these 10-year notes totaled $14.8 billion. Economic events scheduled for this week include the release of the US PMI, Chinese PMI, EU PPI, Australian unemployment data, ISM Services, and an OPEC+ meeting. Key earnings reports from companies such as AMD, Rivian, Ford, and Ferrari are also anticipated. Foreign buyers' demand at the 3-year note auction was about 7%, lower than the long-term average of 12.4%.