You can also see it the other way around. If I lock in today, I take the risk of potentially having benefits in the future, which is unsure compared to making sure today we're paying less interest rates. The best example would be after the financial crisis when rates went to an all-time low, and people were saying that rates could not go any lower. However, if we had used that strategy of locking in a lot more long-term debt, today we would be paying a lot more interest also on our debt, because rates have continued to decline. They've been turning down for the last 30 years.
When I look at the market today, I see 30 years at 2.3%. That's what the market is pricing for the next 30 years. It means you also anticipate that rates will be lower in the short term.