Swiss Franc Appreciates Amid Risk Aversion BRUSSELS (dpa-AFX) - The Swiss franc climbed against its major opponents during the European session on Friday amid risk aversion, as investors fret about a spike in bond yields and stretched valuation. European shares fell following a sell-off in Asia, led by the overnight surge in yields amid inflation worries. The benchmark 10-year Treasury yield soared above 1.6 percent after soft demand at an auction of $62 billion of 7-year Treasury note. Investors worry that higher inflation could force the central banks to pare back ultra-loose policies, despite their dovish rhetoric. Data from the State Secretariat for Economic Affairs showed that Switzerland's economic growth eased sharply in the fourth quarter as the restrictions imposed to contain the coronavirus pandemic weighed heavily on the service sector.