Treasury Bond Yields Recover after Greece ScareAuthor: Simon GLast Updated: February 3, 2015 U.S. Treasury bond prices gave up early gains driven by the victory of the anti-austerity left-wing Syriza party in Greece’s hotly contested elections on Sunday.The Syriza party, run by Alexis Tsipras, won Sunday’s election but didn’t quite win enough seats to hold an overall majority. In a surprise move they agreed to share power with the populist right-wing Independent Greeks party. Therefore creating an uneasy marriage of right and left-wing politics.However the flight to quality triggered by Syriza’s win ended up being short-lived, with gains being quickly erased as the euro rebounded from an earlier selloff against the dollar. It’s clear that investors believe that the recently announced monetary stimulus from the ECB will keep contagion risk in check. This time it’s differentDespite uncertainty hanging over the market, analysts say there are important differences compared to 2012 when worries over Greece having to depart the eurozone caused global market turmoil.This time around the ECB has stepped in with bold actions to curb the risk of a breakup of the monetary union. The prospect of QE has given fresh legs to a 2-1/2-year bond rally that has dramatically shrunk eurozone borrowing costs.“It is not believed at this point that we will see a contagion spreading to some of the other” weaker economies in the eurozone, and the haven flows into Treasury bonds dialed back, Larry Milstein, head of government and agency trading at R.W. Pressprich & Co. in New York told the Wall Street Journal.In lunchtime trading the 10-year note fell 9/32 to 103-26.32, sending the yield up to 1.825% compared to 1.814% on Friday. Bond prices fall as their yields rise.The yield on the two-year note climbed to 0.519%, followed by the yield on the five-year note, which climbed to 1.347%. The 30-year note yielded 2.388%.