OPTIONS: Hawkish SOFR Put Fly Buying Continued Pre-FOMC

Wednesday's US rates/bond options flow included:

* SFRZ5 94.75/94.25/93.75p fly, bought for 5 in 47.75k today earlier. This

  structure is building up to over 100k, as this was previously bought for 4 in
  50k (on 18th April), and 4.5 in 10k (23rd April).

* SFRM4 94.75/94.81cs, bought for 0.75 in 10k (on block, 0.70 synth, ref 94.79,
5 del).
* SFRM4 94.62/94.50ps sold at half in 10k
* SFRZ4 94.87/94.62/94.37p fly, sold at 6.25 in 7k
* SFRM4 94.75/94.81cs, traded half in 10k
* SFRU4 94.56/94.43/94.31p fly, traded half in 9k
* SFRU4 94.81c, traded 12.5 in 4k
* SFRV4 94.25/94.00ps traded 1.5 in 14k
* SFRZ4 94.68p traded 13 in 4k
* SFRZ4 96/97cs, bought for 4.5 in 3k
* 0QU4 95.12/95.00ps traded 4.5 in 5k
* 2QZ4 96.37c traded 17.5 in 8.5k, also traded 17.5 in 5k on Block
* 0QM4 95.75/95.50/95.25p ladder sold the 1 at half in 5k
* TYM4 108c, bought for '35 in -3k