For a bond to sell “at par” means that it is selling at full face value. When a bond sells at full face value, the coupon rate (or the bond yield) is the same as yield to maturity since bond interest does not compound.
For example: a bond has a face value of $1,000 with a coupon of 8%. If the bond costs you $1,000, or ‘par’, and you receive $1,080.00 at maturity (or the face value plus the 8% coupon), then your yield to maturity is 8% ($1080-$1000)/($1000) which is the same as the coupon.
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Because it has no profit or no loss since the selling price is equals to the cost (par value)
That is what we called breakeven.