Good morning, and welcome to Tuesday’s Asia Links
10-year treasury yields hit 3% for the first time since 2018 before falling back (WSJ)
Japanese institutional investors are quietly offloading billions of US treasuries (AFR)
China lockdowns wreak havoc on economy as Xi pledges support (Bloomberg)
Beijing teeters on the edge of covid lockdown (FT)
More on Ping An’s call for the breakup of HSBC (SCMP, WSJ)
India heatwave threatens wheat output, exports (Reuters)
Global food crisis stalks the starving as war, covid stalk supplies (Caixin)
China’s decision last year to stop exporting fertilizer has weakened the global trading system (Peterson Institute)
Russian natural gas exports to China jump 60% in first four months (SCMP)
Modi invited to G7 talks as west seeks to weaken New Delhi’s Russia ties (FT)
Japan PM agrees defence deal with Thailand (Reuters)
Chinese police will not use ‘Hong-Kong style’ tactics in Solomons, envoy says (SCMP, Reuters)
Another day, another case against Aung San Suu Kyi (AP)
The World Bank is increasing the international poverty line from $1.90 a day to $2.15 a day
Climate refugees: the world’s silent crisis (Nikkei Asia)
China argues that current differences in security capabilities should be locked in by international law (Lawfare)
Opinion: Michael Spence on good US-China strategic competition (Project Syndicate)
Qantas to open non-stop Sydney-London flights in 2025 (FT, BBC)
New Zealand re-opens to international visitors (BBC)
And finally: In epicurean Hong Kong, a US$4 lunchbox is all the rage (NY Times)