The Week Ahead (10/02/23). The local market remains cautious given the BSP governor’s hawkish rhetoric on a potential off-cycle rate hike ahead of the November 16 meeting and that an immediate RRR cut was not on the horizon. Consequently, secondary market yields across the curve have resumed their upward trend. Market was also preoccupied with the BTr’s latest Retail Dollar Bond offering, a 5.5Y paper priced at a coupon of 5.75%, which raised an initial $611.20M…