Can someone please help explain the below statement, I have never truly understood this topic.
The Value of the Eurodollar futures contract to the long side is positively related to the value of a Eurodollar time deposit, and therefore is invesely related to LIBOR
Where do you see this?
I would understand it if they’d written “price” rather than “value”, but I’d like see it in context.
it was in a stand alone bullet point in a handout I got in a class. Wish I could give you a better context, but this is all I have to work with.