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T. Rowe Price New Income Fund

PRCIX · NASDAQ

Market closed$7.86$0.00 (0.00%)

Key statistics

Previous close$7.86
Open$7.86
Day high$7.86
Day low$7.86
52-week high$8.12
52-week low$7.82
Market cap17.94B
Volume—
Average volume—
P/E ratio30.23
Forward P/E—
EPS0.26
Dividend yield0.00%

Market context

Why it moved

PRCIX, the T. Rowe Price New Income mutual fund, saw no significant price movement today, as the fund remained flat with no notable catalysts or market-moving events impacting the fixed income sector.

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What is happening

Recent company-specific developments and publisher coverage.

July 15, 2026T. Rowe Price New Income Fund is trading essentially flat amid a broadly constructive but mixed macro backdrop. A softer-than-expected June CPI reading — headline inflation easing to 3.5% from 4.2% — has pulled the 10-year Treasury yield down ~4 basis points to 4.58%, offering modest tailwinds for fixed income funds. Fed Chair Warsh described the economy as resilient with a stable labor market, tempering rate-cut urgency. Meanwhile, blockbuster Q2 earnings from Goldman Sachs, JPMorgan, and Morgan Stanley highlight strength in financial markets, though geopolitical tensions surrounding Iran and renewed oil price pressure continue to cloud the rate and inflation outlook.

-0.1272

July 14, 2026T. Rowe Price New Income Fund edged lower in pre-market trading, hovering near its 52-week low, as a complex macro backdrop weighs on fixed-income sentiment. US-Iran geopolitical tensions have pushed oil prices higher and introduced risk-off caution, while a crowded Q2 bank earnings day—featuring blowout results from JPMorgan, Goldman Sachs, and Bank of America driven by trading surges and investment banking fees—has reinforced a narrative favoring equities over bonds. Morningstar's Q3 outlook also flagged financial sector headwinds from AI disruption concerns and private credit cracks, adding pressure on income-oriented fund flows.

-0.3817

July 8, 2026T. Rowe Price New Income Fund edged lower as escalating U.S.-Iran tensions rattled fixed income markets, with Trump declaring the Iran ceasefire MOU 'over' after fresh strikes in the Gulf, driving oil prices up over 5% and pushing U.S. Treasury yields to four-week highs. Rising yields weighed on bond fund valuations broadly, while uncertainty ahead of the Fed's June meeting minutes added pressure, as some Fed members have signaled potential rate hikes later in 2026 even as the benchmark rate holds at 3.5-3.75%.

-0.5057

July 2, 2026T. Rowe Price New Income Fund is trading essentially flat as fixed income investors parse a complex macro backdrop heading into the June nonfarm payrolls report. Fed Chair Kevin Warsh's comments that inflation risks have eased have tempered expectations for further rate hikes, offering modest relief for bond funds, even as Bank of America forecasts three consecutive Fed rate hikes through year-end. The broader asset management sector posted mixed Q1 results, with peers broadly down 8-16% since earnings, underscoring ongoing pressure from higher-for-longer rates and geopolitical uncertainty stemming from the U.S.-Iran conflict.

-0.1264

June 22, 2026T. Rowe Price New Income Fund closed essentially unchanged as bond investors navigated a complex macro backdrop: new Fed Chair Kevin Warsh's deliberately terse, guidance-free policy communications have pushed the 10-year Treasury yield to 4.49% and raised the probability of a rate hike to ~75% by September, creating headwinds for income-focused fixed income funds. Upcoming PCE inflation data (June 25) and progress in U.S.-Iran ceasefire talks—which have eased oil prices but left rate expectations elevated—remain key near-term drivers for bond market sentiment.

-0.1266

Ad Hoc News · July 16, 2026T. Rowe Price stock trades steadily as assets and margins shape outlookStock Titan · June 11, 2026New T. Rowe Price ETF aims to put idle cash to work with put-write incomePR Newswire · June 8, 2026T. ROWE PRICE MARKS 50 YEARS OF MONEY MARKET AND TAX-FREE MUTUAL FUNDSPR Newswire · March 19, 2026T. ROWE PRICE AND OAK HILL ADVISORS LAUNCH MULTI-STRATEGY CREDIT INTERVAL FUND "OFLEX" FOR U.S. WEALTH CLIENTS

Peers

S&P 500SPX · $7,457.69-1.01%Causeway International Value FundCIVVX · $24.75-1.12%Dodge & Cox Balanced FundDODBX · $13.92-0.50%Northern Stock Index FundNOSIX · $74.27-1.01%Columbia Contrarian Core FundSMGIX · $42.15-1.13%T. Rowe Price Dividend Growth FundTADGX · $89.29-0.66%Vanguard Growth and Income Fund Admiral SharesVGIAX · $118.15-1.02%Vanguard Growth and Income Fund Investor SharesVQNPX · $72.41-1.03%