The Bond Market Has Been Really Dumb This Whole Time

The bond market, so far doesn't believe that inflation is going to stay here for the long term. So why could this hap? I think a simple explanation is, like lessthan, 30 years is so far away. And i honestly think that this is getting away from itself like or gtting away from the fed. Long term bonds right now, in this draw down, are under performing the nazzak 100,. Really long bonds, from their peak, are down 34%. The nazzak is down 31 %.