Indian bond yields edge up; Fed decision watched

MUMBAI, Nov 4 (Reuters) - Indian federal bond yields edged up on Wednesday following a rise in U.S. Treasury yields on Tuesday, but traders said they would watch for the outcome of the Federal Reserve's two-day meeting for further cues.

* At 9:14 a.m., the yield on the 10-year benchmark bond IN069019G=CC was at 7.25 percent, above Tuesday's closing of 7.22 percent.

* Dealers said they expect trading to be rangebound during the day, with the 10-year bond yield in the range of 7.20-7.30 percent.

* U.S. government securities prices slid on Tuesday as traders prepared for Wednesday's Treasury refunding announcement and for the Fed comments on monetary policy. [US/]

* The U.S. Federal Reserve began a two-day meeting on Tuesday that is expected to end with a reaffirmation that policies to support the economy will stay in place for some time, even as signs of recovery mount. [ID:nN03503603]

* The Federal Reserve's statement is expected around 1915 GMT.

* The central bank will auction 90 billion rupees of treasury bills on Wednesday and three bonds for 90 billion rupees through a price based auction on Friday. (Reporting by Neha D'silva; Editing by Prem Udayabhanu)