That one candidate is at the edge of the margin of error has 5% probability. It's possible, but not very likely.
That two candidates are at the edge of their margins of error has a much lower probability than that. I don't know how to calculate this probability (you can't just square 5%, because the fact that one of the candidates is much higher or lower than he should be means that any other candidate should move in the opposite direction, but it's very unlikely one single candidate should move by the whole difference.) But since it is much lower than 5%, and I would also guess lower than 1%, in statistics it would ordinarily be discounted.