Buying BND *might* be equivalent to shorting (selling) /10Y futures. From a portfolio standpoint, bonds are usually included to reduce volatility. They also give some income, so I'm not yet sure if the short futures position can be considered equivalent. It is something to test long term.
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Buying BND *might* be equivalent to shorting (selling) /10Y futures. Shorting /10Y means betting that current rates come down, which means bonds at older rates will go up in value. From a portfolio standpoint, bonds are usually included to reduce volatility. They also give some income, so I'm not yet sure if the short futures position can be considered equivalent. It is something to test long term.
See [Understanding Treasury Futures](https://www.cmegroup.com/education/files/understanding-treasury-futures.pdf) from the CME.