Formatted Content?

Is there a mechanism for including snippets of formatted content in a Web Dynpro application? For instance, say I wanted to insert a paragraph of text with some words <b>bolded</b> or <i>italicized</i>. I can't figure out a good way to do this in Web Dynpro.

The only thing I can think of is to use an IFrame and put the content outside of the app. That seems less than ideal since it wouldn't be as tightly integrated. (e.g., it might be hard to embed a link in the iframe content to call a Web Dynpro action, like a LinkToAction element).