Aktive Veräußerung von Wertpapieren im APP oder PEPP

This question concerns the active selling of securities within the Asset Purchase Programme (APP) and the Pandemic Emergency Purchase Programme (PEPP). It seeks clarification on the specific strategies and rationale behind these sales. The inquiry aims to understand the implications of these sales for financial markets and the European Central Bank's monetary policy objectives. It affects investors and financial institutions involved in these programmes.