According to CoinMeta, demand for 30-year Japanese government bonds was weak, below the average level of the past 12 months. In the auction on Tuesday, the bid-to-cover ratio was 3.36, compared to 3.88 in the previous auction and an average of 3.6 over the past 12 months. The auction of 10-year Japanese bonds last week also showed weak demand, and the decline in yields weakened investors' willingness to subscribe. The global bond market has strengthened, prompting investors to turn to safe-haven assets, which drove Japanese bond yields down significantly, away from their highs earlier this year. The market is watching the Bank of Japan's policy meeting in December, with the swap market expecting a probability of interest rate hikes to be around 77%.