~$142 billion matures in 2028 alone, nearly 3 times the 2026 amount. Of that, ~$65 billion is in high-yield corporate bonds, while ~$77 billion is in leveraged loans. Most of this debt was issued during the pandemic era of near-zero interest rates, and companies will now have to refinance at significantly higher costs. Many firms are expected to begin refinancing as early as the 2nd half of this year. The tech sector is about to see significantly higher interest rates.