Ellipsis character incorrectly inserted when using code tag

This is a feature of Confluence I just noticed, but when you have "..." on a page it replaces it with the single ellipsis character (just like Word does). Neat.

However, it shouldn't do it inside of code blocks. Try this:

... blah ...

Notice that the first ... gets replaced, but strangely the second does not. Neither should be replaced, otherwise it messes up formatting.

Are there any other character replacements like this that happen that shouldn't inside of

?

Note that the same thing happens with

.