Yields rise, euro dips as ECB trims bond purchases

By Sinead Carew NEW YORK (Reuters) - Bond yields rose and the euro dipped on Thursday after the European Central Bank said it would prolong its bond purchase programme but surprised investors by scaling back on how much it will spend each month. The euro saw its biggest one-day percentage drop against the dollar since June after the ECB said it would reduce its bond buying programme to 60 billion euros (£50.6 billion) a month from 80 billion, but extended it from April to December 2017. EC