BUENOS AIRES, April 21 (Reuters) - Argentina's stock, currency and bond market trends on Tuesday:
* The MerVal stocks index .MERV rose 2.28 percent to 1,220.34 points as Wall Street recovered from the sharp losses of the previous session. The MerVal fell by as much as 1.05 percent earlier in the day's trade.
* On the broader market, trade volume was thin at $14.4 million. Of active issues 37 advanced, 20 declined and 16 were unchanged.
* Prices for government bonds traded over the counter in Buenos Aires also rebounded in line with global gains, climbing 1.2 percent on average, after sliding 2.2 percent on Monday.
* Dollar-denominated Discount bonds ARDISCD=RASL gained 2.6 percent, according to the ask price.
* In formal exchange between banks, the peso slipped just 0.07 percent to 3.69/3.6925 per dollar ARS=RASL, its third consecutive loss against the greenback. Traders said the central bank was tracking the market closely to avoid any volatility.
* In informal trade between foreign exchange houses as measured by Reuters, the peso also edged lower by 0.07 percent to 3.7225/3.7275 ARSB=. (Reporting by Walter Bianchi and Jorge Otaola; Writing by Helen Popper; Editing by Diane Craft)