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When you want to make a link in bold, do you put strong tags around or inside your anchor tags?
Call <a href="#"><code>someFunction()</code></a> to get the result.
<code> has specific, semantic meaning that you can't convey or replace with CSS. Simple bolding of text is another matter altogether. <b> element for me can occasionally be used as a generic inline container - like span but shorter and with the advantage of having a vestige of visible style differentiation when CSS is disabled. But for SEO, using either b or strong is utterly irrelevant - minor on-page factors such as this count for nothing.