Greater than symbol not showing up in variable string


I added a text box at the top of each page that looks a bit like web breadcrumbs so people can see what section & page they're on. Unfortunately, when a greater than (>) symbol is placed between two variables, they don't display in published output.  

I tried using a bunch of different fonts in case it was a font issue, but it's the same in all of them. The symbol does not show up in a variable text string, but does show up when it's in plain text (no variable). See the attachments.

I'm using SL2, latest update.

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