Financial Times – Treasury rout deters US companies from borrowing as finance costs soar 

The FT reports turmoil in government bond markets and a rise in corporate borrowing costs have “forced US companies to delay borrowing plans” and led to the slowest October for debt issuance since 2011. 

The paper says many businesses “stretched out” the maturity of their debt – the date at which the debt has to be repaid – during the period of low interest rates after the pandemic and now have the “luxury of waiting before returning to debt markets”.