Characters > and < get converted to '>' or '<' if used in combination with one hyphen (-), or if used in same field after ->. The issue happens in any string field. This issue happens in both Classic and Modern User Experience. If you only have a -> at the beginning of a field, the issue does not happen. Example: If a field name is ->Test, it does not get converted to ->Test.
Steps to Reproduce:
Expected Results: Field still displays as -> Test -> Test > Test -< Test <
Actual Results: Field changes to -> Test -> Test > Test -< Test <
Release : 15.8.1, 15.9, 15.9.1 15.9.2, 15.9.3
DE61237
Workaround: Use another character type such as {}.
Fixed in Release 16.0.0