Can you buy Treasury Bonds and hedge with futures against price drops?

Without losing most of the Bonds interests (coupon), to the futures hedge?|||Yes, you could sell Treasury futures to hedge your long position in bonds. This would have no effect on the interest payments on the bonds you hold -- they will stay constant for the term of the bond (20 to 30 years). However, there's a great deal of risk in this hedge -- if bond prices rise, you would rapidly lose money on your futures contract -- probably a lot more money than you would make in interest on the bonds.