At least when it comes to Treasurys, the opinions of the rating agencies are "irrelevant," Jack...

|By:, SA News Editor

At least when it comes to Treasurys, the opinions of the rating agencies are "irrelevant," Jack Hough writes. "No entity in the world is more closely watched" than the U.S. government, and no one publishes more and better information on its finances. Foreign governments and giant funds "don't wait for S&P or Moody's to tell them whether to buy. They do the math themselves."