Indian bond yields steady; Fed decision awaited

MUMBAI, Nov 4 (Reuters) - Indian federal bond yields remained steady at morning levels on Wednesday afternoon as traders eyed the Federal Reserve's policy statement around 1915 GMT for cues on the health of the world's largest economy. [ID:nN03503603]

* At 2:33 p.m., the yield on the 10-year benchmark bond IN069019G=CC was at 7.25 percent, above Tuesday's close of 7.22 percent.

* Yields were higher in the day mainly on profit booking and also as traders made space for debt ahead of Friday's 90-billion-rupee bond auction.

* Dealers said they would also watch for the results of the 90-billion-rupee treasury bill auction, due later in the day.

* In interest rate futures on the National Stock Exchange (NSE), the December contract N10Z9 was implying yield of 8.0127 percent, above its previous close of 7.9278 percent.

* The yield implied in the March contract N10H0 was 8.3448 percent, from its previous close of 8.3690 percent. (Reporting by Neha D'silva; editing by Sunil Nair)