Borrowers in the $10tn US corporate bond market

... are shying away from longer-term debt in a bet that soaring borrowing costs are unlikely to last.

Many are hoping that borrowing costs will have fallen when they come to refinance their shorter-dated debt.

 FT 12 September 2023

https://www.ft.com/content/3846fc4a-c2b3-405c-80ae-d7ef1e5f4bf4