Gundlach: 10-year US Treasury yield likely to be in 2.20-2.80 pct range

June 10 Tue Jun 10, 2014 5:16pm EDT

June 10 (Reuters) - 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. Treasuries are "something of a high-yielding" security relative to European sovereign bonds.

Gundlach also said U.S. Treasuries are worth a look by investors as they are yielding in the upper half of his projected trading range. (Reporting By Jennifer Ablan; Editing by Chris Reese)

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