FI Meander Ep. 2 - The Intersection of Politics and US Repo

In this FI Meander, I discuss why I believe some form of the Eurodollar market may gradually re-emerge over time, despite the industry's transition toward SOFR-based products. I also explore why many hedge funds may not have experienced the same structural shift as other market participants, since repo financing is already a market-based funding mechanism that naturally adapts to changing rate environments. Topics include: Eurodollars vs SOFR Repo market dynamics Hedge fund financing behavior Funding markets and market structure Why transitions can look different depending on where you sit in the system This is an educational discussion from a student perspective and should not be considered investment advice.