Which of the following best describes the concept of the treasury yield curve? The yield curve graphs combinations of maturity and yield on treasury securities in an attempt to isolate the link between maturity and yields. Treasury securities are used since they are considered to be free of default. The yield curve compares the yield paid on corporate bonds to the yield paid on similar maturity treasury securities The yield curve attempts to measure the increased chance of default associated with longer term bonds. The yield curve reports the difference in yield paid on treasury bonds and similar maturity corporate bonds which are less liquid, therefore it focuses on the liquidity premium