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fels.de

Stage

Acquired - II | Acquired

Valuation

$0000 

About Fels

Fels-Werke, dba Fels, operates lime production plants. The company manufactures quicklime and lime products, as well as mineral aggregates.

Fels Headquarter Location

Geheimrat-Ebert-Str. 12

Goslar, 38640,

Germany

05321 703 0

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Fels Patents

Fels has filed 2 patents.

The 3 most popular patent topics include:

  • Computer connectors
  • Electric rail transport
  • Electrical connectors
patents chart

Application Date

Grant Date

Title

Related Topics

Status

8/31/2018

3/24/2020

Electric rail transport, Modularity, Computer connectors, Electrical engineering, Electrical connectors

Grant

Application Date

8/31/2018

Grant Date

3/24/2020

Title

Related Topics

Electric rail transport, Modularity, Computer connectors, Electrical engineering, Electrical connectors

Status

Grant

Latest Fels News

Pimco Says Case for Subzero Yields Is Intact Despite Inflation

Feb 14, 2022

11:56 PM IST, 14 Feb 2022 11:25 PM IST, 14 Feb 2022 11:56 PM IST, 14 Feb 2022 Save (Bloomberg) -- The consensus on Wall Street has reached a roar: U.S. interest rates have nowhere to go but up. (Bloomberg) -- The consensus on Wall Street has reached a roar: U.S. interest rates have nowhere to go but up. Virtually drowned out in the noise is the voice of Pacific Investment Management Co.’s Joachim Fels, who in 2019 predicted that U.S. rates could even go negative as people save more and enjoy longer retirements. His case helped convince former Federal Reserve Chair Alan Greenspan that Treasury yields could dip below zero. Despite raging inflation, looming Fed hikes and rising long-term Treasury yields, Fels says his theory is alive and well. “This is not the beginning of a new paradigm or a world of permanently higher interest rates,” Fels, Pimco’s global economic advisor, said in an interview. He’s not predicting that nominal Treasury yields will turn negative, given that central banks like the Fed are getting hawkish to fight the steepest surge in consumer prices since the early 1980s. But he’s says the rate-suppressing catalysts that powered his argument have only gotten stronger and explain why real yields -- or those adjusted for inflation -- are below zero and have good reason to stay there. “What has not changed has been the fundamental global savings glut. That helps to explain why people are willing to invest at low real -- or even negative -- real interest rates,” Fels said in the interview. “The pandemic was a shock, and has increased the desire for people to save more for precautionary reasons. And this contributes to depressing real interest rates. So that fundamental force has not changed, and if anything it has become stronger.” Overall yields have jumped sharply this year as the world’s central banks move to withdraw pandemic-era stimulus, with those on 10-year Treasuries climbing above 2% from as little as 0.31% in 2020. Traders expect about seven quarter-point Fed rate hikes this year as the bank moves to get inflation under control. In Europe, traders are wagering the European Central Bank will raise its key deposit rate to zero by year-end from minus 0.5% currently. The Bank of England has already raised rates two times. At the same time, the global pile of negative-yielding debt has shrunk substantially to about $4 trillion from more than $18 trillion in late 2020 as rates rise overseas. Yet U.S. real yields have been nearly consistently negative, sometime deeply so, since the pandemic took hold in in the U.S. in March 2020. The 10-year yield on inflation-adjusted Treasuries, known as TIPs, remains below zero at negative 0.49%, though that’s down from last year’s low of negative 1.2%, reflecting the rise in yields and drop in inflation-expectations in the wake of the Fed’s new resolve to tighten policy. Thirty-year TIPS yields climbed above zero earlier this month for the first time since June. But Fels says his theory nonetheless remains intact, since it rests on a much deeper shift than the swings in monetary policy.

  • Where is Fels's headquarters?

    Fels's headquarters is located at Geheimrat-Ebert-Str. 12, Goslar.

  • What is Fels's latest funding round?

    Fels's latest funding round is Acquired - II.

  • Who are the investors of Fels?

    Investors of Fels include CRH and Xella.

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