Data on Thursday showing annual inflation in Germany -- the euro zone's biggest economy -- rose slightly in November point to a moderate uptick in the bloc's country-wide number, analysts said.
Economists polled by Reuters forecast headline inflation accelerated to 0.9pc in November from 0.7pc in October.
"These inflation numbers are still well short of the ECB's mandate of 2pc, however they will still be welcomed by a central bank that will shortly see a review into its policy framework, as to how to meet its mandate in the future," said Michael Hewson, chief market analyst at CMC Markets in London.
The European Central Bank is expected to conduct a strategic review of its policies under Christine Lagarde, who has just taken over the helm of the ECB from Mario Draghi.
In early trade, 10-year bond yields were little changed on the day.
Germany's benchmark Bund yield was at -0.36pc, off one-month lows hit the previous session at around -0.39pc.
French and Dutch yields were also off lows hit this week as investors fretted about US-China trade talks.
That broader concern about global trade tensions meant the bloc's top-rated bond markets were on course to end the week with a third week of yield falls, albeit small ones.
Southern European bond markets, however, looked set to end the week and the month on a weaker footing.
Italian, Spanish and Portuguese debt markets have all sold off heavily this month on renewed political uncertainty in Spain and Italy and as investors booked profit on the hefty price gains made this year in peripheral debt markets.
Italy's 10-year bond yield, a touch lower on Friday at 1.34pc, was poised to end November 32 bps higher. That would mark its biggest monthly jump since August 2018.
Spanish and Portuguese yields are up 17 and 24 bps respectively, set for their largest monthly rise since May 2018.