if i have long term inflation expections,i will buy ten-year treasury notes with a higher interest rate ,at least compensating the loss of inflation.thus ,interest rate will climb.this is the meaning of The Age of Turbulence .
i do not think the two statements contradictory.Mishkin maybe means the demand for bonds will decrease,under the long term inflation expections ,thus,the supply is more than the demand ,so the price of the bonds will descend,at last the interest will get high.