[Errno 5] [Errno 2] No such file or directory error during yum install or update

Issue

• When trying to install/update packages from Satelite or CDN, yum causes the following error:

  # yum update 
  Loaded plugins: enabled_repos_upload, package_upload, product-id, search-disabled-repos, subscription-manager, versionlock
  >------snip--------<
  Error downloading packages:
  python-kitchen-1.1.1-5.el7.noarch: [Errno 5] [Errno 2] No such file or directory
  python-chardet-2.2.1-3.el7.noarch: [Errno 5] [Errno 2] No such file or directory
  yum-utils-1.1.31-52.el7.noarch: [Errno 5] [Errno 2] No such file or directory
  qpid-proton-c-0.31.0-3.el7.x86_64: [Errno 5] [Errno 2] No such file or directory