Example text, where "BOLD" is bolded:
one BOLD two
Selecting this text and adding a link to it will generate HTML with 3 <a> tags, e.g.:
<a href="...">one </a><strong><a href='...'>BOLD</a></strong><a href='...'> two</a>
The rendered HTML should be:
<a href="...">one <strong>BOLD</strong> two</a>
This can interfere with styling and is not great for SEO.