08-12-2016 20:52 via news.yahoo.com

Yields rise as ECB trims bond purchases; Wall Street gains

By Sinead Carew NEW YORK (Reuters) - Bond yields rose and the euro dipped on Thursday after the European Central Bank said it would slow its stimulus program from April, while Wall Street extended the previous session's gains. European stocks rose after the ECB decision to reduce the long-running bond buying program to 60 billion euros a month, from 80 billion, from April to December 2017. "Currencies are reacting more to the extension and bonds are focused on the taper," said Frances Donald, se
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