If you mean in the actual program when you are entering data, then I think the answer is no.
However, if you want to highlight something when you are doing genealogy reports then the easiest way to do it is to copy the report in to Word, or a similar program, and then format as you want.
Prepare your genealogy report in FTM, then go to EDIT - COPY GENEALOGY REPORT - and then paste into Word.
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