Data & Methodology
Dardo is an analytics platform for the Mexican fixed-income market: government bond curves, the policy-implied rate path, real yields and breakevens, relative-value signals, a position blotter, and a daily research note. This page describes what those analytics are built from — the inputs, the update timing, and the controls — so a professional user can evaluate the platform's discipline. It deliberately does not describe construction mechanics; see the note on proprietary methods below.
1. Data sources
Market close levels. Dardo's core dataset is the official end-of-day close valuation for Mexican government securities — M-Bonos, Udibonos, and Cetes — and interbank swap levels. Every curve, spread, breakeven, and carry figure on the platform is computed from that stored close. Dardo does not use scraped broker quotes or indicative screen prices.
Banco de México public releases. Policy decision statements and their published inflation projections, the official UDI series, funding levels, and the monetary policy calendar. Banxico's inflation projections shown on the platform are the central-bank-published midpoints from the most recent policy statement, with the statement date shown wherever they are used.
Official inflation statistics. Headline and core CPI prints as published, used in the real-rates and breakeven context.
Licensed macroeconomic consensus data. Forward calendar and consensus figures for scheduled economic releases, under commercial license, attributed where displayed.
2. Update timing
The market dataset is ingested after the Mexican close each trading day, and all analytics are recomputed against that stored close. The daily research note is generated before the following Mexico City market open, from the prior session's close; each note carries the close date it was generated from, so the vintage of every statement is explicit. Banco de México's inflation projections are refreshed the day of each policy decision. Route headers across the platform stamp the close date of the data being displayed.
3. Analytics standards
One snapshot, everywhere. Every number on the platform for a given date ties back to the same stored official close. Curves, signal statistics, carry decompositions, and the research notes all read the same dataset — there is no separate "marketing" data path.
Reconciliation to official conventions. Instrument-level prices are reconciled against the officially published valuation conventions for Mexican government securities. Where Dardo displays a price, yield, or accrued figure, it matches the official convention for that instrument.
Actual history only. Historical series are accumulated from actual official data as it is published. Dardo does not backfill synthetic or interpolated history to make statistics look deeper than they are, and signal statistics disclose their sample basis where they are displayed.
Automated monitoring. The data pipeline, content generation, and forecast ingestion are monitored by an independent daily health check that verifies published content actually exists and serves — not merely that jobs reported success.
4. The research notes
The daily note and the macro report are generated by an automated pipeline from the day's computed analytics only. The generator is never fed external commentary, news feeds, or third-party research — its inputs are Dardo's own numbers for that close. Output passes programmatic validation before publication: date discipline, instrument references checked against the day's tradable universe, and internal-consistency rules. Notes are published as generated, without discretionary human editing, and each is dated to the close it describes. Where a note discusses positioning, the instruments referenced are drawn from the same signal set visible on the platform.
5. Proprietary methods
Signal definitions, model parameterizations, curve-construction details, and generation architecture are proprietary and are not published — on the platform or on this page. This is a deliberate policy: the analytical edge of the product lies in construction choices, and describing them would make the product replicable. What Dardo commits to publicly is the layer above the mechanics — the inputs, the timing, the reconciliation discipline, and the honesty of the output.
6. Limitations
Dardo's figures are analytics computed from official close levels. They are indicative, not executable quotes, and intraday market moves are not reflected until the next close is ingested. Nothing on the platform or in its research notes constitutes investment advice or a recommendation to transact; see the Terms of Service for the full scope of use.
7. Questions
Methodology or data questions from professional users: support@dardoresearch.com.