BofA’s Hartnett calls on investors to ‘buy humiliation’ in bond rout

[Treasury bonds is shown on the conceptual business photo] Andrii Dodonov/iStock via Getty Images Bank of America's Michael Hartnett is recommending investors to "buy humiliation" and start adding bonds to their portfolios as long-run U.S. Treasury returns hit their lowest point in a century. Hartnett highlighted in the latest Flow Show note that global asset allocators are heavily positioned in equities to participate in the "final melt-up in US tech (XLK [https://seekingalpha.com/symbol/XLK])," while remaining very short on bonds (TLT [https://seekingalpha.com/symbol/TLT]) (ZROZ [https://seekingalpha.com/symbol/ZROZ]).