Global markets are mixed as European officials quarrel over the terms of Greece's bailout package, but the U.S. market looks to another day of equity gains.

The Treasury market is modestly firmer with the 10-year yield a basis point down at 1.97%, the 30-year Treasury yield two basis points down at 3.06%, and the two-year yield steady at 0.24%.

Equity futures are pointing upwards again after a major rally fizzled out in the last hour yesterday. The S&P 500 finished 12.3 points higher on the day - its third straight gain following a massive sell-off in the middle of last week - but earlier it was up 33 points. S&P 500 futures are 6.3 points higher at 1,175.80, reflecting a 0.54% gain. Dow futures are 64 points up at 11,184, a 0.58% jump.

Light crude oil moved 0.08% lower overnight to $84.38 per barrel, while gold prices rose 0.10% to $1,654.10.

The market was mixed in Asia: the Nikkei finished 0.07% higher, the Hang Seng fell 0.66%, and China's CSI 300 dropped 0.94%. Europe's ongoing session has shares sliding modestly: the FTSE 100 is down 0.31% and the CAC-40 is down 0.02%.

The Financial Times reported that as many as seven of the eurozone's 17 members were recently arguing for "private creditors to swallow a bigger writedown on their Greek bond holdings."

Fresh data shows the drop in Treasury yields is stimulating refinancings. The MBA said mortgage applications jumped 9.3% in the week ending September 23, led by an 11.2% climb in refinancing. 

"Mortgage applications have picked up since the start of the year, but all of the growth has been in refinancings, with new purchase apps still near the lowest level since the mid-1990s," said BMO Capital Markets.

Key Events Today:

8:30 - New Orders for Durable Goods jumped 4% in July on account of aircraft offers. That sets up August for a decline, economists say, and the median estimate is -0.4%. However, several economists noted aircraft orders had another stellar month, so the expected decline following a surge might have to wait a month.

IHS Global Insight notes that Boeing received another 100-airplane order, this time from Delta, so aircraft orders should climb higher. "But the rest of the picture won't look good," they said. "Core capital goods orders should fall about 1%, and motor vehicle and metals orders should be down sharply after a very strong July."

Citigroup actually predicts a 0.7% advance in August.

"Once again, civilian aircraft orders appear set to substantially boost the total," they said. "Apart from aircraft, transportation was weaker on lower truck assemblies. In July, nearly two-thirds of the increase in ex-transportation new orders was from a spike in primary metals. The reversal of this surge accounts for the bulk of our expected decline in August."

5:00 - Fed Chairman Ben Bernanke gives talk called "Lessons from Emerging Market Economies on the Sources of Sustained Growth." Q&A to follow.

• Treasury Auctions:
• 1:00 - 5-Year Notes