Since we're on APY, shout out to my man @Lincoln Burrows for posting some broker data on APY on the APY thread - very useful and puts the final pieces together and judging by the depth that's just come in on APY, it's about to get some decent action:
Basically Deutsche held heaps, were selling this whole time and are out of ammo.
Here's a link to my post on APY in reply to Linc (worth a read).
Cheers,
GB.
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