TOKYO, Nov 16 (Reuters) - Most Japanese government bond (JGB) yields tracked U.S. Treasury yields higher on Tuesday, with investors shaking off positive outcome of a domestic five-year note auction. The 10-year JGB yield rose 0.5 basis point to 0.070% and the 20-year JGB yield rose 0.5 basis point to 0.465%. The government auction for five-year notes received bids worth 4.54 times the amount sold, stronger outcome than a bid cover ratio of 3.86 times at the previous auction. Benchmark U.S. Treasury yields rose nearly five basis points to a three-week high on Monday as companies rushed to sell debt before liquidity thins during holiday trade and ahead of a U.S. government sale of new 20-year bonds on Wednesday. Yields on shorter end notes also gained, with the two-year JGB yield rising 0.5 basis point to minus 0.120% and the five-year yield gaining 0.5 basis point to minus 0.080%. The 30-year JGB yield was flat at 0.675%.The 40-year JGB yield was also unchanged at 0.720%. Benchmark 10-year JGB futures fell 0.14 point to 151.63, with a trading volume of 17,466 lots. (Reporting by Tokyo markets team)