It could be the CD. Many modern CD's are mastered so that they sound harsh. Some genres like rock, pop and heavy metal are badly affected and virtually all recent material (as well as recent remasters of old material) can sound harsh.
You may be over-driving the speakers - the KEF75's are not known for their power handling (and can sound harsh if pushed).
Finally, it may be jitter - I doubt the AVM2 is particularly good at jitter rejection and digital interfaces very often add jitter. Try the analog output of your CD player to test this possibility.
You may be over-driving the speakers - the KEF75's are not known for their power handling (and can sound harsh if pushed).
Finally, it may be jitter - I doubt the AVM2 is particularly good at jitter rejection and digital interfaces very often add jitter. Try the analog output of your CD player to test this possibility.