The second quarter of 2021 is now complete, and it was another strong period for risk markets as markets took their cue from booming global economic data, lower bond yields and central banks attempting to reassure markets that the rise in US inflation is an aberration rather than a trend.

In this detailed update, Tim Toohey, Yarra Capital Management’s Head of Macro and Strategy, touches on his key takeaways for the quarter, before turning to the outlook and focusing on the three most important things to watch for Q3.