this appears several times in notebook and mocks, who can tell me what does it mean and what’s the indication??
is it the reason why Eurodollar future doesnt have a formal formula for its price?
As fas as I know, Eurodollar future is a discount instrument (works similar to zero-coupon bonds) but Eurodollar time deposit in an add-on intruments (as typical deposit). This makes those two being affected differently by movements in interes rates.
For more you need someone more knowledgeable.
I think I just answered this in another post
http://www.analystforum.com/forums/cfa-forums/cfa-level-ii-forum/91322005#comment-91424404