We report a ferromagnetic resonance study of an electrically insulating magnetic bi-layer consisting of two yttrium iron garnet (YIG) films epitaxially grown on both sides of a non-magnetic gadolinium gallium garnet (GGG) slab. We show that standing transverse sound waves couple the coherent magnetization dynamics of the two YIG films half millimeter apart through the magnetoelastic interaction, periodically modulating the microwave absorption as a function of frequency. Constructive and destructive interferences between the dynamics of the two YIG layers is observed. This long range coherent coupling by phononic angular momentum currents through non-magnetic dielectric waveguide brings new functionalities to insulator hybrid spin circuits and devices