Three years ago was around the time a financial advisor in my business circles was raising the possibility of the U.S. entering a “negative interest rate” environment … so it doesn’t shock me that big players might be looking to lock in even minuscule interest rates for the long term.
They actually did not like it.
Most of the large players are enjoying what is happening. Except for the folks that forgot to buy some rate swaps two years ago when they was CHEAP!!!