diff --git a/pep-0381.txt b/pep-0381.txt
index 8f2952b20..6aac3a78c 100644
--- a/pep-0381.txt
+++ b/pep-0381.txt
@@ -37,8 +37,8 @@ Rationale
 =========
 
 PyPI is hosting over 6000 projects and is used on a daily basis
-by people to build applications. Especially systems like `easy_install`
-and `zc.buildout` make intensive usage of PyPI.
+by people to build applications. Especially systems like ``easy_install``
+and ``zc.buildout`` make intensive usage of PyPI.
 
 For people making intensive use of PyPI, it can act as a single point
 of failure.  People have started to set up some mirrors, both private
@@ -74,19 +74,19 @@ last host name. Mirror operators should use a static address,
 and report planned changes to that address in advance to
 distutils-sig.
 
-The new mirror also appears at `http://pypi.python.org/mirrors`
+The new mirror also appears at ``http://pypi.python.org/mirrors``
 which is a human-readable page that gives the list of mirrors.
 This page also explains how to register a new mirror.
 
 Statistics page
 :::::::::::::::
 
-PyPI provides statistics on downloads at `/stats`. This page is
+PyPI provides statistics on downloads at ``/stats``. This page is
 calculated daily by PyPI, by reading all mirrors' local stats and
 summing them.
 
-The stats are presented in daily or monthly files, under `/stats/days`
-and `/stats/months`. Each file is a `bzip2` file with these formats:
+The stats are presented in daily or monthly files, under ``/stats/days``
+and ``/stats/months``. Each file is a ``bzip2`` file with these formats:
 
 - YYYY-MM-DD.bz2 for daily files
 - YYYY-MM.bz2 for monthly files
@@ -180,7 +180,7 @@ that represents the last synchronisation date the mirror maintains.
 The date is provided in GMT time, using the ISO 8601 format [#iso8601]_.
 Each mirror will be responsible to maintain its last modified date.
 
-This page must be located at : `/last-modified` and must be a
+This page must be located at : ``/last-modified`` and must be a
 text/plain page.
 
 Local statistics
@@ -192,7 +192,7 @@ display the grand total.
 
 These statistics are in CSV-like form, with a header in the first
 line.  It needs to obey :pep:`305`.  Basically, it should be
-readable by Python's `csv` module.
+readable by Python's ``csv`` module.
 
 The fields in this file are:
 
@@ -209,26 +209,26 @@ The content will look like this::
     ...
 
 The counting starts the day the mirror is launched, and there is one
-file per day, compressed using the `bzip2` format.  Each file is named
-like the day.  For example, `2008-11-06.bz2` is the file for the 6th of
+file per day, compressed using the ``bzip2`` format.  Each file is named
+like the day.  For example, ``2008-11-06.bz2`` is the file for the 6th of
 November 2008.
 
-They are then provided in a folder called `days`. For example:
+They are then provided in a folder called ``days``. For example:
 
 - /local-stats/days/2008-11-06.bz2
 - /local-stats/days/2008-11-07.bz2
 - /local-stats/days/2008-11-08.bz2
 
-This page must be located at `/local-stats`.
+This page must be located at ``/local-stats``.
 
 
 How a mirror should synchronize with PyPI
 =========================================
 
-A mirroring protocol called `Simple Index` was described and
+A mirroring protocol called ``Simple Index`` was described and
 implemented by Martin v. Loewis and Jim Fulton, based on how
-`easy_install` works.  This section synthesizes it and gives a few
-relevant links, plus a small part about `User-Agent`.
+``easy_install`` works.  This section synthesizes it and gives a few
+relevant links, plus a small part about ``User-Agent``.
 
 The mirroring protocol
 ::::::::::::::::::::::
@@ -267,7 +267,7 @@ How a client can use PyPI and its mirrors
 :::::::::::::::::::::::::::::::::::::::::
 
 Clients that are browsing PyPI should be able to use alternative
-mirrors, by getting the list of the mirrors using `last.pypi.python.org`.
+mirrors, by getting the list of the mirrors using ``last.pypi.python.org``.
 
 Code example::
 
@@ -309,7 +309,7 @@ runs their own server where people might get the project package.
 However, it is strongly encouraged that a public package index follows
 PyPI and Distutils protocols.
 
-In other words, the `register` and `upload` command should be
+In other words, the ``register`` and ``upload`` command should be
 compatible with any package index server out there.
 
 Software that are compatible with PyPI and Distutils so far: