fixed income bmc - based on the curves

Based on the curves, what is the spread pattern between government and corporate bonds? The spreads are narrow in the short-term and then gradually widen in the long-term making it relatively more attractive for corporations to borrow in the long-term. The spreads are wide in the short-term and then gradually decrease in the long-term making it relatively more attractive for corporations to borrow in the long-term. The spreads are narrow in the short-term and then gradually widen in the long-term making it relatively less attractive for corporations to borrow in the long-term