Spain October HICP final: MoM +0.5% (expected +0.5%; prior +0.50%).

Japan government bonds fell sharply on Friday, mirroring U.S. Treasuries, which weakened for a second session as traders priced more aggressive Fed hikes. The 10-year JGB yield rose 8bps to 2.87%; the 30-year yield climbed 7bps to 3.99%. Market pricing for Bank of Japan tightening firmed: OIS imply roughly an 87% chance of a rate increase before December. Tokai Tokyo Securities chief strategist Kazuhiko Sano said the JGB and U.S. Treasury selloff could be an overreaction but there is no clear catalyst for a sustained JGB rally; any rebound is likely to be limited.

Macron said Europe needs a clear, unified vision on Ukraine.