A key deadline for the government's borrowing limit is rapidly approaching, but lawmakers may not have to deal with it until the summertime.

A limit on borrowing by the U.S. government was reinstated on Thursday, a fresh headache for fixed-income investors ahead of the start of the second Trump administration.

As global markets experience a mixed bag of economic indicators, with U.S. consumer confidence dipping and European stocks seeing modest gains, investors are navigating an environment marked by cautious optimism and potential volatility.