Embedding infinite cyclic covers of knot spaces into 3-space

We say a knot $k$ in the 3-sphere $\mathbb S^3$ has {\it Property $IE$} if the infinite cyclic cover of the knot exterior embeds into $\mathbb S^3$. Clearly all fibred knots have Property $IE$. There are infinitely many non-fibred knots with Property $IE$ and infinitely many non-fibred knots without property $IE$. Both kinds of examples are established here for the first time. Indeed we show that if a genus 1 non-fibred knot has Property $IE$, then its Alexander polynomial $\Delta_k(t)$ must be either 1 or $2t^2-5t+2$, and we give two infinite families of non-fibred genus 1 knots with Property $IE$ and having $\Delta_k(t)=1$ and $2t^2-5t+2$ respectively. Hence among genus one non-fibred knots, no alternating knot has Property $IE$, and there is only one knot with Property $IE$ up to ten crossings. We also give an obstruction to embedding infinite cyclic covers of a compact 3-manifold into any compact 3-manifold.