Fixed-income investors have a brighter economic outlook, but they aren’t ready to give up extraordinary monetary support, Fitch Ratings reports.

The rating agency says that its latest survey of senior investors at both asset management firms and insurance companies, finds that, despite the strongest positive consensus on U.S. growth in two years, “Investors remain tethered to easy monetary policy.”

The survey, which was conducted in February and March, found that 89% of investors see U.S. GDP growth of at least 2%-3% over the coming year. Additionally, they also believe that the recovery in Europe is sustainable, and they see good activity in emerging markets.

However, “constructive macro backdrop notwithstanding, the majority of investors (70%) still view monetary support as either important or critical”, it says. While this is down from a high of 91% recorded in summer of 2013, Fitch says that back then 43% expected GDP growth of less than 2% for 2014. “Only a few shared that sober opinion now,” it says.

Additionally, Fitch says that its survey also found that investors generally have a fairly robust view of U.S. lending and housing markets, and they see diminished event risks. “Among potential macro worries, they continue to see inflation as the least worrying,” it reports, “Across all event risks, in fact, no potential disrupter received significant attention as a high risk — this pointing to this year’s calmer macro environment.”

The one area of continued concern, it says, is the U.S. job market. “While investors see progress in the labor markets, most believe the employment situation is worse than reported in official statistics,” it says. “This skepticism appears to be a key ingredient in shaping the caution around the near-term ability of the U.S. economy to sustain higher interest rates.”

Fitch says that one-half of investors surveyed believe the unemployment rate is modestly worse than reported, and one-third say that it’s significantly worse.

The vast majority of investors say that the wealth effect — due to a combination of higher stock markets over the past year and an appreciation in home prices — is driving some GDP momentum. “Investors also believe home prices will appreciate further this year,” it says, with most investors expecting home price growth in a range of 2%-5%.