QML Text with markdown backticks for code formatting does not respect font size

A QML Text component configured to use Text.MarkdownText displays text that is tagged using the backtick character at a constant size and does not respect the font size of the Text component.

Consider the following code:

Column {
    Text {
        font.pointSize: 6
        textFormat: Text.MarkdownText
        text: "6 pt - *italics*, `code`, **bold**"
    }
    Text {
        font.pointSize: 36
        textFormat: Text.MarkdownText
        text: "36 pt - *italics*, `code`, **bold**"
    }
}

The "code" text does not change size while other decorated text does.