diff --git a/CHANGES.rst b/CHANGES.rst
index 86c1ddb88..009723737 100644
--- a/CHANGES.rst
+++ b/CHANGES.rst
@@ -32,6 +32,8 @@ Unreleased
 - On Python 3.12+, we now disable SQLite writing journal files, which should be
   a little faster.
 
+- The new 3.12 soft keyword ``type`` is properly bolded in HTML reports.
+
 .. _issue 1605: https://github.com/nedbat/coveragepy/pull/1605
 .. _issue 1684: https://github.com/nedbat/coveragepy/issues/1684
 .. _pull 1685: https://github.com/nedbat/coveragepy/pull/1685
diff --git a/coverage/phystokens.py b/coverage/phystokens.py
index d5659268d..5fd5dacc5 100644
--- a/coverage/phystokens.py
+++ b/coverage/phystokens.py
@@ -77,19 +77,25 @@ def _phys_tokens(toks: TokenInfos) -> TokenInfos:
         last_lineno = elineno
 
 
-class MatchCaseFinder(ast.NodeVisitor):
-    """Helper for finding match/case lines."""
+class SoftKeywordFinder(ast.NodeVisitor):
+    """Helper for finding lines with soft keywords, like match/case lines."""
     def __init__(self, source: str) -> None:
-        # This will be the set of line numbers that start match or case statements.
-        self.match_case_lines: Set[TLineNo] = set()
+        # This will be the set of line numbers that start with a soft keyword.
+        self.soft_key_lines: Set[TLineNo] = set()
         self.visit(ast.parse(source))
 
     if sys.version_info >= (3, 10):
         def visit_Match(self, node: ast.Match) -> None:
             """Invoked by ast.NodeVisitor.visit"""
-            self.match_case_lines.add(node.lineno)
+            self.soft_key_lines.add(node.lineno)
             for case in node.cases:
-                self.match_case_lines.add(case.pattern.lineno)
+                self.soft_key_lines.add(case.pattern.lineno)
+            self.generic_visit(node)
+
+    if sys.version_info >= (3, 12):
+        def visit_TypeAlias(self, node: ast.TypeAlias) -> None:
+            """Invoked by ast.NodeVisitor.visit"""
+            self.soft_key_lines.add(node.lineno)
             self.generic_visit(node)
 
 
@@ -117,7 +123,7 @@ def source_token_lines(source: str) -> TSourceTokenLines:
     tokgen = generate_tokens(source)
 
     if env.PYBEHAVIOR.soft_keywords:
-        match_case_lines = MatchCaseFinder(source).match_case_lines
+        soft_key_lines = SoftKeywordFinder(source).soft_key_lines
 
     for ttype, ttext, (sline, scol), (_, ecol), _ in _phys_tokens(tokgen):
         mark_start = True
@@ -152,7 +158,7 @@ def source_token_lines(source: str) -> TSourceTokenLines:
                                 is_start_of_line = True
                             else:
                                 is_start_of_line = False
-                            if is_start_of_line and sline in match_case_lines:
+                            if is_start_of_line and sline in soft_key_lines:
                                 tok_class = "key"
                 line.append((tok_class, part))
                 mark_end = True
diff --git a/tests/test_phystokens.py b/tests/test_phystokens.py
index 0312189df..ca1efeae5 100644
--- a/tests/test_phystokens.py
+++ b/tests/test_phystokens.py
@@ -7,6 +7,7 @@
 
 import os.path
 import re
+import sys
 import textwrap
 import warnings
 
@@ -118,7 +119,7 @@ class SoftKeywordTest(CoverageTest):
 
     run_in_temp_dir = False
 
-    def test_soft_keywords(self) -> None:
+    def test_soft_keywords_match_case(self) -> None:
         source = textwrap.dedent("""\
             match re.match(something):
                 case ["what"]:
@@ -147,6 +148,16 @@ def match():
         assert tokens[10][2] == ("nam", "match")
         assert tokens[11][3] == ("nam", "case")
 
+    @pytest.mark.skipif(sys.version_info < (3, 12), reason="type is a soft keyword in 3.12")
+    def test_soft_keyword_type(self) -> None:
+        source = textwrap.dedent("""\
+            type Point = tuple[float, float]
+            type(int)
+            """)
+        tokens = list(source_token_lines(source))
+        assert tokens[0][0] == ("key", "type")
+        assert tokens[1][0] == ("nam", "type")
+
 
 # The default source file encoding.
 DEF_ENCODING = "utf-8"