diff --git a/pkg/yqlib/encoder.go b/pkg/yqlib/encoder.go
index b15be07..a77b57c 100644
--- a/pkg/yqlib/encoder.go
+++ b/pkg/yqlib/encoder.go
@@ -76,6 +76,8 @@ func mapKeysToStrings(node *yaml.Node) {
 
 func NewJsonEncoder(destination io.Writer, indent int) Encoder {
 	var encoder = json.NewEncoder(destination)
+	encoder.SetEscapeHTML(false) // do not escape html chars e.g. &, <, >
+
 	var indentString = ""
 
 	for index := 0; index < indent; index++ {
@@ -153,11 +155,15 @@ func (o *orderedMap) UnmarshalJSON(data []byte) error {
 }
 
 func (o orderedMap) MarshalJSON() ([]byte, error) {
-	if o.kv == nil {
-		return json.Marshal(o.altVal)
-	}
 	buf := new(bytes.Buffer)
 	enc := json.NewEncoder(buf)
+	enc.SetEscapeHTML(false) // do not escape html chars e.g. &, <, >
+	if o.kv == nil {
+		if err := enc.Encode(o.altVal); err != nil {
+			return nil, err
+		}
+		return buf.Bytes(), nil
+	}
 	buf.WriteByte('{')
 	for idx, el := range o.kv {
 		if err := enc.Encode(el.K); err != nil {
diff --git a/pkg/yqlib/encoder_test.go b/pkg/yqlib/encoder_test.go
index d721173..333749d 100644
--- a/pkg/yqlib/encoder_test.go
+++ b/pkg/yqlib/encoder_test.go
@@ -9,29 +9,11 @@ import (
 	"github.com/mikefarah/yq/v4/test"
 )
 
-var sampleYaml = `zabbix: winner
-apple: great
-banana:
-- {cobra: kai, angus: bob}
-`
-
-var expectedJson = `{
-  "zabbix": "winner",
-  "apple": "great",
-  "banana": [
-    {
-      "cobra": "kai",
-      "angus": "bob"
-    }
-  ]
-}
-`
-
-func TestJsonEncoderPreservesObjectOrder(t *testing.T) {
+func yamlToJson(sampleYaml string, indent int) string {
 	var output bytes.Buffer
 	writer := bufio.NewWriter(&output)
 
-	var jsonEncoder = NewJsonEncoder(writer, 2)
+	var jsonEncoder = NewJsonEncoder(writer, indent)
 	inputs, err := readDocuments(strings.NewReader(sampleYaml), "sample.yml", 0)
 	if err != nil {
 		panic(err)
@@ -42,6 +24,33 @@ func TestJsonEncoderPreservesObjectOrder(t *testing.T) {
 		panic(err)
 	}
 	writer.Flush()
-	test.AssertResult(t, expectedJson, output.String())
 
+	return strings.TrimSuffix(output.String(), "\n")
+}
+
+func TestJsonEncoderPreservesObjectOrder(t *testing.T) {
+	var sampleYaml = `zabbix: winner
+apple: great
+banana:
+- {cobra: kai, angus: bob}
+`
+	var expectedJson = `{
+  "zabbix": "winner",
+  "apple": "great",
+  "banana": [
+    {
+      "cobra": "kai",
+      "angus": "bob"
+    }
+  ]
+}`
+	var actualJson = yamlToJson(sampleYaml, 2)
+	test.AssertResult(t, expectedJson, actualJson)
+}
+
+func TestJsonEncoderDoesNotEscapeHTMLChars(t *testing.T) {
+	var sampleYaml = `build: "( ./lint && ./format && ./compile ) < src.code"`
+	var expectedJson = `{"build":"( ./lint && ./format && ./compile ) < src.code"}`
+	var actualJson = yamlToJson(sampleYaml, 0)
+	test.AssertResult(t, expectedJson, actualJson)
 }