diff -r 02e0a574bcd3 -r f48ac29c2a9e mercurial/exchange.py
--- a/mercurial/exchange.py	Sat Sep 27 01:31:15 2014 -0700
+++ b/mercurial/exchange.py	Sat Sep 27 01:37:56 2014 -0700
@@ -859,8 +859,8 @@
             _pullbundle2(pullop)
         _pullchangeset(pullop)
         _pullphase(pullop)
+        _pullbookmarks(pullop)
         _pullobsolete(pullop)
-        _pullbookmarks(pullop)
         pullop.closetransaction()
     finally:
         pullop.releasetransaction()