If you are looking for a single rod for both, I would recomend a rod of from 20-50# to 30-60# line rating. While trolling rods are typically shorter (5-6 feet) and stiffer and Jigging rods are mid sized 6.5-7.5 feet, you might want to compromise more toward the size that you will be using more often. There are lots of reels that will fill the bill for both types of fishing. I would reccomend a 2 speed with a lever drag system. The low gear can help get the fish off the bottom in a hurry, and the high speed gear keeps the jig moving at a good pace for YellowTail. The lever drag systems let you adjust on the fly much more rapidly than the star drags. Top off the reel with 50-65# braid with a short leader of Flurocarbon and you are good to go.
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