ETP News: Velocityshares offers Libor rate via Citi ETNs

Velocityshares has launched two new composite forward Libor rate-linked exchange-traded notes (ETNs) on NYSE Arca: Long Libor ETNs linked to the Janus Velocity Long Libor Index and Short Libor ETNs linked to the Janus Velocity Short Libor Index. The ETNs are issued by Citi, and all payments due on the ETNs are guaranteed by the US bank. The Janus Velocity Long Libor Index aims to approximate the daily performance of a hypothetical long investment in the composite forward Libor rate. The composi