Here's something that doesn't add up: market players are betting the Fed will slash rates again this week. Sounds bullish, right? Not so fast. Bond yields have actually climbed higher since the central bank kicked off its rate-cutting spree last year. That's weird. Typically, when the Fed eases, yields drop. But we're seeing the opposite play out. This disconnect between policy expectations and market reality is creating some serious head-scratchers for traders trying to position themselves. What's driving this unusual divergence? And more importantly, what does it mean for risk assets moving forward?