Original Post.

Markets are pretty confident that central banks are about to enter a period of easing up on interest rates.  When the US jobs report came in well below expectations on Friday, stocks moved higher.

The reason? It could clear the way for the Federal Reserve to start cutting interest rates.

Mark Cabana, rates strategist at Bank of America Merrill Lynch, said rates cuts are now all but assured. "It's definitely happening," he said. Data from CME Group now indicates a 25% probability that the Fed cuts interest rates at its June 18-19 meeting. The likelihood that rates will be lower than current levels following the July meeting is above 80%.

To read more on this developing story, click here.