Obsidian rendering HTML codeblocks?

I am trying to keep some notes on the topic of HTML.
I thought that including HTML in a code block, enables you to read it in reading mode as if it were text.

However in reading mode obsidian seems to be parsing the HTML, even in a codeblock. This only occurs if I want to use text highlighting and tell the codeblock it contains html.

Is this the normal behaviour?
If not, do I have a setting wrong? Otherwise I guess it is a naughty plugin?

Edit mode

Reading mode

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