Profile and require item conflict

This file `skaffold.yaml` is called with

`skaffold run -p eks-operators`

```
apiVersion: skaffold/v4beta11
kind: Config
metadata:
name: gocluster
requires:
# One of many requires
- path: ../../cluster/skaffold/traefik-skaffold.yaml
activeProfiles: &kubeBaseProfiles
- name: dev
activatedBy: [net-dev]

profiles:
- name: net-dev
activation:
- kubeContext: kind-live
env: "INFRA=net"
- name: eks-operators
manifests:
kustomize:
paths:
- ../../aws-eks/storage

deploy:
kubectl: {}
```

Output is

```
No tags generated
Starting test...
Starting deploy...
nothing to deploy
```

But if I save in another file, `operators-skaffold.yaml`
and launch `skaffold run -p eks-operators -f operators-skaffold.yaml`

```
apiVersion: skaffold/v4beta11
kind: Config
metadata:
name: operators-setup
profiles:
- name: eks-operators
manifests:
kustomize:
paths:
## AWS Storage Class + EKS Storage
- ../../aws-eks/storage

deploy:
kubectl: {}
```

It deploys as expected.

In both cases `skaffold render` outputs expected yaml.
What is the issue I am having?