Britain’s wind farms produced a record amount of electricity, cutting demand for natural gas just as the temperatures start to drop. The UK’s fleet of wind farms generated more than 20 GW on Wednesday, according to National Grid Plc. In the coming years, the UK government aims to expand its offshore wind capacity to as much as 50 GW by 2030.

The price investors pay to borrow cash overnight by pledging gilts is trading 43 basis points below the BOE’s rate. Low repo rates are due to pension funds hoarding cash and years of quantitative-easing have limited the pool of safe government securities freely available to trade. Demand for high-quality liquid assets still outstrips supply.

Issuances of green and other sustainable bonds have fallen in 2022. Year-to-date volumes of $679 billion were down 17%, outperforming the broader bond market, which declined by 27%. Challenging macroeconomic environment pressures global debt issuance. Corporate volumes account for the bulk of the decline this year with other sectors remaining stable.