Treasurys fall after strong manufacturing report Feb 1 02:11 PM US/Eastern By The Associated Press Associated Press A strong report on manufacturing is helping to push Treasury prices lower in afternoon trading. The Institute for Supply Management said Wednesday that its gauge of U.S. manufacturing activity rose to the highest level since last June. The gain was powered by new orders and exports as well as a rise in backlogs. A larger backlog implies manufacturers may be forced to increase their production. The price of the 10-year Treasury note is down 43.7 cents for every $100 invested. The drop in price lifted the 10-year yield to 1.85 percent from 1.79 percent late Tuesday. Bond prices and their yields move in opposite directions. In other trading, the price of the 30-year bond fell $1.50 for every $100. Its yield rose to 3.02 percent from 2.94 percent.