Market prices of subprime bonds reflect "extremely harsh assumptions for how borrowers will behave, " said Jeffrey Wheeler, a portfolio manager at Smith Breeden Associates in Durham, N.

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The 30-year TIPS bond is now priced as if inflation will be 1.94% through 2020, according to fixed-income managers Smith Breeden Associates, down from 2.14% in July.

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"The Fed will drag rates down everywhere just by holding the short-term rate lower in the U.S., " says Dan Dektar, chief investment officer at Smith Breeden Associates in Durham, N.

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With other forms of debt either in short supply or too risky, institutional investors are loading up on longer-term government bonds, says Daniel Dektar, chief investment officer of Smith Breeden Associates, a Durham, N.

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At current rates bond buyers are "paying a tax to recapitalize the banking system and make debt costs lighter for people and companies, " observes Daniel Dektar, chief investment officer at Smith Breeden Associates, a Durham, N.

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Joan Smith, president of Smith-Dahmer Associates, a St.

FORBES: Magazine Article

He claimed she wanted to lie low because of threats from former business associates over an unpaid debt and disappeared from the property one day when Smith and Parker were not there.

BBC: Glasgow & West Scotland