> Corporate bond coming due will be re-financed at higher rate now. If ever. A lot of high-quality corp debt was issued around (a) record low interest rates, (

> Corporate bond coming due will be re-financed at higher rate now. If ever. A lot of high-quality corp debt was issued around (a) record low interest rates, (b) high tax penalties for repatriating foreign earnings into the US. Neither of those are a factor anymore.