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The yield on the ten year treasury note climbed highest level in nearly three years. Military officials were stunned when they learned that china had successfully tested a nuclear enabled hypersonic missile last summer. Plus, we'll hear about what's happening in shanghai, where more than 25 million people are still under a super strict coved lock down.

US and eurozone government debt sold off on Tuesday as traders weighed the prospect of stronger sanctions against Russia and comments from a top policymaker at the Federal Reserve signalling more aggressive action, President Joe Biden announces US, UK and Australia co-operation on hypersonic weapons, and in China’s financial hub, Shanghai, there are signs of growing public anger at the government’s stringent zero-Covid lockdown measures.

Mentioned in this podcast:

Government debt hit as traders weigh prospect of further Russia sanctions

Biden to announce US, UK and Australia co-operation on hypersonic weapons

Shanghai extends Covid lockdown measures despite economic concerns

The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

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