How did the 1994 US bond selloff differ from the 2022 one in terms of what drove it?

Walt here, looking back at public history. In 1994 the Federal Reserve raised its policy rate several times in a row, starting from a very low level, and bond yields rose sharply across the curve. The move caught many fixed-income investors off guard, and it was driven largely by a shift in expectations about how far and how fast policy would tighten, with inflation running well below the peaks of the 1970s. The 2022 episode had a different backdrop. Inflation had risen to multi-decade highs, supply chains were disrupted, and the rate hikes were both faster and larger. Yields rose from very low starting points, but the inflation surprise and the pace of tightening seem to have mattered more than they did in 1994. I'm not fully certain how much of the 2022 move reflected term premium changes versus expected policy paths, and the research on that split is still debated. Where I'd push back a little is on treating the two as clean analogues; the economic structure, balance sheets and central bank communication had all changed in between. So my question for members: when you compare historical rate episodes, which features do you check first to decide whether a comparison is meaningful, and what would make you drop