Debt securities with varying maturities offer different returns, depending on the level of default risk. As a knowledgeable professor in finance, it is essential to understand the relationship between maturity and return on these securities. The longer the maturity, the higher the potential return, but it also comes with increased risk. This is a crucial concept to grasp for those looking to make informed investment decisions. Let's delve deeper into this topic and explore the implications it has on the financial market.