Can you buy T-Bonds and hedge with futures, against price drops?

Without losing most of the T-Bonds interests (coupon) to the futures hedge?

 

US Treasury bonds.

Yes, you're a superlative "investor!"

:erisive laughter::

 

No. If you could, you'd want to leverage yourself "10,000 times", hedge away the principal risk and get the interest payments for "free".

 

Why not?

 

Can you buy SPY, short ES futures to hedge and collect free dividends?

There you have your answer.