Two possibilities for long-term interest rates to rise again: Return of inflation, but also a “strike” by lenders

Long-term interest rates are very low in all OECD countries, which , in particular, has the effect of maintaining strong solvency for all borrowers. Two developments could lead to a rise in long-term interest rates. The first is well-known, the second is more original: A return of inflation, in particular due to a change in labour market policies; A "strike by lenders", as savers/investors refuse to lend their savings (to buy bonds) at such low interest rates, and switch into either equities or monetary assets. Currently, we cannot see any sign of such a “strike” by lenders, but this is a possibility to consider .