Terminal/iTerm2 issue: reverse-i-search trims off command

I've been having this issue since 10.9.

1. cd into a reasonably long path, e.g., cd /Volumes/Storage/backup/long/path


2. Enter a moderately long command, e.g., curl -X GET http://localhost:8888


3. ctrl+R, type curl


4. ctrl+E

The command displayed is shifted to far to the left and leaving whitespace to the right like so:

Is this a known bug or is it just me?