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Gundlach: Take another look at US Treasuries

Jeffrey Gundlach, chief executive officer of DoubleLine Capital LP, says the 10-year U.S. Treasury note will likely be in a range between 2.20 percent and 2.80 percent during the second half of year.

In an investor webcast on Tuesday, Gundlach said U.S. Treasurys are "something of a high-yielding" security relative to European sovereign bonds.

Read MoreGundlach: Shorts could bring the 'unthinkable'

Gundlach also said U.S. Treasurys are worth a look by investors as they are yielding in the upper half of his projected trading range.

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