A majority of analysts in Reuters polls, however, were split on the duration of the greenback's bullish trend and forecast its allure to fade in a year.
Gold heads for weekly rise on subdued US Treasury yields, dollar
Bond yields spiked after the Federal Reserve pledged to tolerate inflation and keep monetary policy loose through 2023
"Markets are increasingly reflecting a unified Democratic government outcome that may lead to a significant fiscal expansion," Blackrock said
China, the second largest non-U.S. holder of Treasuries, held $1.074 trillion in June, down from $1.083 trillion the previous month, according to latest official data
The biggest foreign holder of US government debt had $1.22 trillion in bonds, notes and bills in July, down $22 billion from the prior month