Absolutely the YP ribbon went back in!
I hope I didn't mess up any of the eggs by pulling them in. I had no idea the ribbon was even there when I put the rake in the water. I made that my last rake for the critter quest once I saw the YP eggs come up and I was just getting started. The eggs were in 3ft+ of water and stuck to the vegetation.
The funny thing is I have been walking the pond every day looking for ribbons but had not seen any yet.