Financial stocks were down about 0.6 percent.

Even though the most acute concerns over the Greek election results seem to have receded, there was still enough to worry to keep the Treasury market behaving like a safe haven. Yields were flat at 1.579 percent on the benchmark 10-year bond.

Analysts noted that the Greek election results might have removed the immediate prospect of Greece’s leaving the euro zone, but the country still has to form a new government to negotiate the debt problem.

Tobias M. Levkovich, chief United States equities strategist of Citigroup, said the results implied the removal of the prospect of an imminent crisis. “Clearly Wall Street preferred this outcome,” he said. “But we have not resolved the core problem, which is the need to ensure that countries can pay back their debt.”

During the recent euro debt crisis, central banks have been storing money in Treasuries and German bunds. Another factor for the lower yields could be that investors have concluded that the United States economy is slowing. In general, economic data has trickled out weaker in the second quarter of this year compared with the first quarter.

“It is a barometer of what investors believe is the underpinning of the economy,” said Quincy Krosby, a market strategist for Prudential Financial, referring to the 10-year yield. “And investors are thinking the U.S. economy is slowing. It should be moving higher on the back of worries in Europe diminishing, but that is not the case.”

But most notable were the costs of borrowing for Spain, which reached the level that caused Greece and Ireland to consider themselves locked out of the markets and to ask for international bailouts. Spain has a much lower overall debt load than those two countries.