Value Outperforming Growth As Yields Rise Again

2:33 p.m. ET Yields aren’t up huge, but the 2-yr is up +2 bp just above 5.00%, the 10-yr is up +3.6 bp. As a result the mega-cap index (MGK +0.45%) which trailed the equal weight S&P by just 15 basis points earlier is now trailing by 65 basis points. Value style factors (+1.05%) outperform…