Indian bond yields seen up; Fed watched

MUMBAI, Nov 4 (Reuters) - Indian federal bond yields should rise on Wednesday in tandem with higher U.S. Treasury yields, and traders would be watching the Federal Reserve's statement at the end of its two-day meet.

* 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 yield on the Indian 10-year benchmark bond IN069019G=CC closed at 7.22 percent on Tuesday, sharply below the previous close of 7.30 percent.

* Finance Minister Pranab Mukherjee said on Tuesday India has to continue with its fiscal stimulus and non-farm credit growth remained an area of concern. [ID:nBOM516605]

* India's central bank will auction 90 billion rupees ($1.9 billion) of treasury bills on Wednesday and three bonds for 90 billion rupees through a price based auction on Friday.

* Traders said they would also be watching the October U.S. non-farm payrolls report on Friday for cues. (Reporting by Swati Bhat; Editing by Ranjit Gangadharan)