Velocity of Money and Inflation Rate

 

This graph implies that the velocity of money has some correlation to the inflation rate:

 

 It makes sense that if there is higher inflation people would not want money to sit around as long.

But it has an even closer correlation with the 10 year treasury rate:

If you understand these two correlations and that the price level partly depends on the velocity of money, you can understand how the inflation genie can be hard to put back in the bottle. 

 If inflation goes up, then the velocity of money goes up, but this pushes the inflation rate up, ...