Why Eurodollar future can not be perfectly hedged?

pkuguorui

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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.
 
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