Yes, they do, after the photoreceptors. Those CIE colorspace curves aren't biology, and shouldn't be interpreted as such.
LMS colorspace is the (currently understood) biological colorspace [1], and contains inhibitions, from the opponent process [2] found in the meatware [3]:
red-green: L - M
blue-yellow: S - (L + M)
This contains a nice introduction to biological colorspace [4].
[1] https://en.wikipedia.org/wiki/LMS_color_space
[2] https://en.wikipedia.org/wiki/Opponent_process
[3] https://en.wikipedia.org/wiki/Lateral_geniculate_nucleus#Col...
[4] https://color2.psych.upenn.edu/brainard/papers/Stockman_Brai...