It is May $2022$ and a corporate treasurer is due to issue $3-$year, $5\%$ coupon bonds in one month.

Which of the following hedging strategies may be appropriate to implement during May to manage the risk of an interest rate rise?

Select one:

Buy $10-$year bond futures with contract expiry in June $2022$

Buy $3-$year bond futures with contract expiry in June $2022$

Sell $3-$year bond futures with contract expiry in June $2022$

Sell $10-$year bond futures with contract expiry in June $2022$