The next several months, we will take a trip down Memory Lane by sharing articles—actually, white papers—authored by Pitt. Next up is “Why Do I Like Par Bonds?,” which went to print in March 1989. Even though this paper is 30 years old, you will notice some similarities with today’s markets and today’s investor. The following white paper is presented to you in its original form, without any editing to modernize the content. We hope you enjoy!