In the study of interest rate models, particularly those used to assess the term structure of interest rates, the Vasicek model is a well-known framework. The Vasicek model assumes that interest rates follow a mean-reverting stochastic process. In this context, consider a scenario where a fixed income analyst is evaluating the implications of the Vasicek model on the pricing of long-term bonds.

The analyst observes that the current short-term interest rate is significantly above the long-run equilibrium level predicted by the model. Based on this observation, which of the following conclusions can the analyst reasonably draw regarding long-term bond prices?