Yes this makes perfect sense and is what I would like to see.

However why do we need timelocks for this?
On a statistical level we could just increase rates during the bear market to ensure debt isn't dumped.
Then we lower rates when we want to pay the debt back.
This gives us more control over when we pay back the debt.
If the debt is locked and then unlocked at a random time we have no control.
Also if yield is static rather than dynamic we lose even more control.