Report published August 26, 2026
Rabobank Research: The Great Games Afoot – Geopolitics, Energy & Macro Trends
Rabobank · August 26, 2026
Rabobank highlights lower crude oil prices at $86 and falling US Treasury yields alongside escalating geopolitical 'great games' in the Middle East, Russia/Ukraine, and North American trade. Meanwhile, hotter-than-expected Australian inflation demonstrates the persistent supply-side impact of fuel and geopolitical conflict.
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Finvaulta summarizes Rabobank's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Key Takeaways
- 1.Brent oil dropped to $86 amid news of diplomatic maneuvers and potential temporary shipping corridors in Hormuz, though geopolitical risks remain elevated across the Middle East.
- 2.US Treasury yields dropped as bonds welcomed lower oil prices, driven in part by a short squeeze in long-end paper despite criticism from high-profile investors regarding Treasury interventions.
- 3.Australian CPI printed hotter than expected across headline and core measures, fueled by fuel and input costs, reviving expectations of potential RBA rate hikes.
Table of Contents
- Market comment
- Day ahead
- Client coverage
Report data
Header Graphic / Logo
| Metric | Estimate | Context |
|---|---|---|
| Brent Oil Price | 86.0 USD/bbl | Brent crude price down on geopolitical headlines and diplomatic discussions. |
| 10-Year US Treasury Yield Change | -7.0 bps | 10-year US Treasury yields down week-to-date at time of writing. |
| 30-Year US Treasury Yield Change | -9.0 bps | 30-year US Treasury yields down week-to-date at time of writing. |
| Canada Tariff on US Goods | 50.0% | Canada raised tariffs on US goods in response to US trade actions. |
| Australian Headline CPI (m-o-m) | 1.0% | Came in higher than consensus expectation of 0.9%. |
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