Interest Rate Change w/ Relation to 20 year bond price (08-2022)

Trying to make sense of the movement of bond prices w/in the context of rising rates. As you can see by the chart, every year rates on 20-year treasury bonds have increased by around 1% the TBT ETF has rallied around 40%.

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20-Year Treasury Rate as of 08/16/2022: 3.31%