The code macro doesn't render URL within XML

{code:xml}
<distributionManagement>
    <repository>
        <id>atlassian-contrib</id>
        <name>Atlassian Contrib Repository</name>
        <url>dav:https://maven.atlassian.com/contrib</url>
    </repository>
    <snapshotRepository>
        <id>atlassian-contrib-snapshot</id>
        <name>Atlassian Contrib Snapshot Repository</name>
        <url>dav:https://maven.atlassian.com/contrib-snapshot</url>
    </snapshotRepository>
</distributionManagement>
{code}

<distributionManagement>
    <repository>
        <id>atlassian-contrib</id>
        <name>Atlassian Contrib Repository</name>
        <url>dav:</url>
    </repository>
    <snapshotRepository>
        <id>atlassian-contrib-snapshot</id>
        <name>Atlassian Contrib Snapshot Repository</name>
        <url>dav:</url>
    </snapshotRepository>
</distributionManagement>