Thursday's Europe rates/bond options flow included:

• ERM4 96.12p sold at 1.25 in 9k
• ERQ4 96.50/96.62/96.75c fly bought for 2.25 in 5k
• SFIK4 95.00/95.10cs, bought for 1.75 in 6k
• SFIZ4 95.65/95.75cs, bought for 2.75 in 10k
• OEK4 117/118 RR, bought the call for 1 in 5k
• IKM4 118/120cs 1x2, bought for 31 in 1.4k