Since they started raising the Fed Funds in July 2004, the 10 year yield is about the same, the 30 year about a half point lower. If it looks like inflation is rising, all rates will rise. If they boost the Fed Funds rate before higher inflation gets built into expectations, short rates could rise while long rates fall.
The Federal Reserve should keep the funds rate in line with a normal slope to the yield curve. Economic growth and government restraint should be used to control inflation. In other words, everybody on the FOMC should sit on their hands and shut up. If they keep manipulating the economy with interest rates, one day they'll have to invent a new word like stagflation to cover up their incompetence.
Other than that, I stand by what I said in my previous post.