# Financial Bond Similarity Search Using Representation Learning

arXiv: https://arxiv.org/abs/2602.07020 · HTML: https://mlsanity.com/paper/2602.07020/

## Key facts

- No citing papers in the map yet (data through 14 Oct 2026).
- Builds on 10 of its 20 references that are in the map.
- First posted on arXiv 2 Feb 2026.

## Builds on (most cited first, 10 of 10)

- [Attention Is All You Need](https://mlsanity.com/paper/1706.03762/) (2017)
- [BERT: Pre-training of Deep Bidirectional Transformers for Language Understanding](https://mlsanity.com/paper/1810.04805/) (2018)
- [Sentence-BERT: Sentence Embeddings using Siamese BERT-Networks](https://mlsanity.com/paper/1908.10084/) (2019)
- [DistilBERT, a distilled version of BERT: smaller, faster, cheaper and lighter](https://mlsanity.com/paper/1910.01108/) (2019)
- [Distributed Representations of Words and Phrases and their Compositionality](https://mlsanity.com/paper/1310.4546/) (2013)
- [Deep contextualized word representations](https://mlsanity.com/paper/1802.05365/) (2018)
- [Don't Stop Pretraining: Adapt Language Models to Domains and Tasks](https://mlsanity.com/paper/2004.10964/) (2020)
- [Consistency of random forests](https://mlsanity.com/paper/1405.2881/) (2014)
- [Supervised Similarity for High-Yield Corporate Bonds with Quantum Cognition Machine Learning](https://mlsanity.com/paper/2502.01495/) (2025)
- [Generative AI Enhanced Financial Risk Management Information Retrieval](https://mlsanity.com/paper/2504.06293/) (2025)

## Abstract (arXiv)

Finding similar bonds remains challenging in fixed-income analytics, as numerical financial attributes often overshadow categorical non-financial ones such as issuer sector and domicile. This paper shows that these categorical attributes dominate the predictability of spread curves and proposes embedding models to capture their semantic similarities, outperforming one-hot and many other baselines. Evaluated via sparse-issuer augmentation, the approach improves risk modeling and curve construction.