Picklist fields do not display first available option

Hello

I have a problem that came about last night all of a sudden. We have a page with two custom picklist fields on the Opportunity object. All of sudden for some reason the first available option in the picklist will not display on the page. This is happening with the standard rendering, and when I override the metadata and manuall add the picklist values.

Currently I added a dummy option to the picklists so the two options I want to appear still show, but I don’t think this is a sustainable solution.

Does anyone know why just one option would disappear? Does anyone know why this would happen overnight all of a sudden?

Thanks!