Joachim Fels

3 results

‘Free money – it’s sort of an insane concept.’ Above, Alice in Wonderland

Making an investment that is guaranteed to lose money sounds like something that would cost you your job. But in bond markets, it has become a fact of(...)

The stronger euro and sterling spurred profit-taking in the dollar, which reached a 16-month peak against a basket of currencies on Monday. Photograph: Getty Images

The euro and sterling rose on Tuesday as Britain and the EU agreed on a preliminary text for the UK to leave the economic bloc in a bid to avoid a cha(...)

Traders work on the floor of the New York Stock Exchange shortly after the opening bell on Wednesday. Photograph: Lucas Jackson/Reuters

Last week, morning investors queued around the block to buy the bonds of recent defaulter Greece, and by the end of the day were selling US tec(...)