IGA Capital Weekly Economic Update
- Joshua Hawley
- Jul 15
- 3 min read
Week of July 14, 2025
Joshua Hawley
Macroeconomic Overview
Markets continued to reflect cautious optimism as the Federal Reserve’s forward guidance reinforced expectations for a gradual shift in monetary policy. According to data from Bloomberg, market-implied projections show the Fed Funds Rate falling to 3.83% by December 20251. The 10-Year U.S. Treasury yield rose modestly to 4.42%, suggesting steady investor demand amid stable inflation expectations1.
Short-term borrowing costs remain elevated, with the 30-day SOFR fixing at 4.34%, and the overnight SOFR holding at 5.33%1.
U.S. equity indices posted further strength: the S&P 500 closed the week at 6,260.39 (+4.3% month-over-month), while the Nasdaq Composite rose 5.8%, driven by continued gains in the technology sector and a 20.2% decline in the VIX1.
Bitcoin Market Overview
On Sunday, July 14, Bitcoin (BTC) reached a new all-time high of $123,165.67, driven by institutional demand and favorable sentiment during “Crypto Week” in Washington D.C.2 As of Monday, BTC remains elevated, trading at $120,148.95, with 7-day gains exceeding 2.3%3. Bitcoin’s total market capitalization now exceeds $2.37 trillion, accounting for approximately 62.8% of the digital asset market3.
This price surge aligns with proposed legislation in the U.S. aimed at improving the regulatory framework for digital assets, contributing to increased market confidence2.
Gold and Commodities Update
According to Bloomberg, gold ended the week at $3,366.96 per ounce, down 0.6% week-over-week but up 71.7% year-over-year, maintaining its position near historic highs1. Central bank accumulation and subdued real yields continue to support physical gold demand. The environment remains favorable for bullion given the persistent weakness in long-term real interest rates.
Crude oil (WTI) closed at $69.13 per barrel, marking a 14.9% quarterly increase, as markets respond to stable OPEC+ output and seasonal demand trends1.
Africa Asset Development Outlook
Bloomberg data continues to highlight increased global capital flows into frontier markets, especially in extractive and infrastructure-linked sectors across Africa. Higher commodity prices, reduced access to Western bank credit, and an expanding network of state-backed financiers are driving new forms of structured capital into African asset development.
IGA Capital, as a registered vendor with the U.S. Export-Import Bank (EXIM), is actively engaged in structuring qualifying projects that align with U.S.-sourced equipment procurement and export-credit-backed financing. Our role supports African operators seeking long-tenor credit and institutional-grade financial structuring for projects in gold, logistics, power, and minerals.
IGA Capital Outlook
As inflation moderates and policy normalization continues, IGA Capital’s outlook remains focused on structured finance solutions built around:
Metal streaming transactions for mining assets;
Export-credit-supported project funding;
Targeted syndications for African infrastructure and gold production linked to reliable offtake partners.
With both Bitcoin and gold near record valuations, the firm sees strategic opportunities in real-asset-backed deployment, particularly where offtake or cross-border trade structures support long-term project bankability.
Footnotes
Bloomberg Markets Data, week ending July 14, 2025. ↩ ↩2 ↩3 ↩4 ↩5 ↩6
MarketWatch, “It’s ‘Crypto Week’ and Bitcoin is flying higher, passing $120,000”, July 14, 2025.https://www.marketwatch.com/story/its-crypto-week-and-bitcoin-is-flying-higher-passing-120-000-cb621dee ↩ ↩2
CoinMarketCap, Bitcoin Market Data, accessed July 15, 2025.https://coinmarketcap.com/currencies/bitcoin/ ↩ ↩2
#IGACapital #Finance #Markets #Nasdaq #Gold #Bitcoin #SOFR #FED #Crude #Infra #Metals #Mining #Africa #Bloomberg #Macroeconomics #GlobalFinance #StructuredFinance
(c) IGA Capital Finance Brokers LLC 2025
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