Explain the day count and quotation conventions used in interest rate futures, covering day counts and price quotations of U$.$S$.$ Treasury bills and bonds.

Discuss the mechanics of treasury bond futures, including quotes, conversion factors, and the concept of the cheapest$-$to$-$deliver bond.

Describe the features and applications of Eurodollar and SOFR futures and discuss convexity adjustments and calculating zero curves.

Explore duration$-$based hedging strategies using interest rate futures, providing real$-$life examples to illustrate the use of futures contracts for managing interest rate risk.

Analyze the hedging of portfolios of assets and liabilities using interest rate futures, explaining how futures can be employed to protect the value of both sides of a balance sheet.