MUMBAI: Indian federal bond yields continued to trade higher in afternoon session on Wednesday tracking a rise in U.S. yields and an uptick in global crude oil prices after the Greek government survived a confidence vote. * U.S. Treasuries eased slightly in Asia on Wednesday after the Greek government won a vote of confidence, overcoming a first hurdle in winning new financing to avoid bankruptcy. * At 2:45 p.m., the 10-year Indian benchmark bond yield was at 8.26 percent, higher than Tuesday's 8.22 percent close. * Traders said the market would eye the movement of the euro against the dollar during the day, and will also await the U.S. Federal Open Market Committee (FOMC) policy statement due at around 1630 GMT, well after the close of local markets. * India will sell 120 billion rupees of bonds on Friday, including 30 billion rupees each of 7.59 percent 2016 bonds and 8.28 percent of 2032 bonds and 60 billion rupees of 8.08 percent 2022 bonds. * Traders said there was good paying interest in swaps and investors were putting on steepeners. * The benchmark five-year interest rate swap was up 6 basis points at 7.71 percent, while the one-year swap rate was at 7.96 percent, higher than 7.91 percent at Tuesday's close.

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