6'3" Med action Vendetta spinning rod. Seems to be perfect for me to throw the yellow magic with around trees and other cover. I also use it for the 1.0 size cranks and shaky head and wacky worm with it. Fill it up with braid and go!
Two rods I have that work really well is a Dobyns Champion 733 and a Falcon Lowrider in the Weightless Worm model. The Dobyns is 7'3" and the Falcon is 6'7". Both are light enough with a fast enough tip to throw the small 1/4oz YM well but still enough guts to handle a good bass. If I was purchasing a brand new rod with throwing a smaller YM specifically in mind I would look seriously at the Dobyns Fury FR 703 SF. A real nice 7' Dobyns in a lighter action for $110 retail.
For the small 1/4 ounce yellow magic I like a medium action spinning rod with braid to a short mono leader. You can get way more distance and accuracy out of your cast with this set up
I have an older (6 or 7 years maybe) All Star jerk bait rod that works perfectly on my yellow magic. I know its not a high end rod (it was the expensive version in its day) but it works so well that I haven't felt the need to change.