Issuers plan to sell almost $6 billion in asset-backed bonds as the deadline nears for investors to procure loans through the Federal Reserve's Term Asset-Backed Securities Loan Facility. Less than $4 billion in TALF-eligible deals were sold last month. Industry participants said the more mainstream bonds backed by consumer loans, which generally make up the bulk of this market, are in good shape and do not need TALF support. This sale is made up mostly of collateral such as insurance receivables and floor-plan loans, which are considered "off-the-run."

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