Short term Treasury instruments differ from short term Corporate bonds; and, differ from long term Corporate bonds as follows:

a.The short term Corporate bonds have inflation risk and liquidity risk premiums; and, the long term Corporate bonds have inflation risk, liquidity risk and maturity risk - none of which are present in the short term Treasury instrument. b.The short term Corporate bonds have default risk and liquidity risk premiums; and, the long term Corporate bonds have default risk, liquidity risk and maturity risk - none of which are present in the short term Treasury instrument. c.The short term Corporate bonds have default risk and liquidity risk premiums; and, the long term Corporate bonds have default risk, liquidity risk and inflation risk - none of which are present in the short term Treasury instrument. d.The short term Corporate bonds have maturity risk and liquidity risk premiums; and, the long term Corporate bonds have default risk, liquidity risk and maturity risk - none of which are present in the short term Treasury instrument. e.Both Corporate bonds have default risk and maturity risk premiums which are not present in the short term Treasury instrument