European cost of borrowing rises on Belgian woes

Cost of borrowing across the euro-zone has increased as the bailout plan for Belgian bank Dexia SA proved to be infeasible, Belgian newspaper reported. France's 10-bond yield was impacted by the report as France has to provide rescue package for Belgium. France's cost of borrowing increased by 10 basis points to 3.62% while Belgium 10-years bonds yield increased by 17 basis points to 5.21%, FactSet Research informed.