mshimko,
I am not confused, but thank you for clarifying that you did indeed mean yield testing (permanent plastic deformation). The latest 2012 revision of ASTM F606M clarifies what is meant by proof load testing in the abstract:
For externally threaded fasteners, the mechanical tests describe the procedures for determining the following properties: product hardness; proof load by length measurement (Method 1), yield strength (Method 2), yield strength of austenitic stainless steel and nonferrous materials (Method 2A), and uniform hardness (Method 3); axial tension of full size products such as fasteners and studs; wedge tension of full size products such as fasteners and studs; tension of machined test specimens including yield point (by drop of the beam or halt of the pointer, autographic diagram, and total extension under load methods), yield strength (by offset, and extension under load methods), tensile strength, elongation, and reduction of area; and total extension at fracture.
As you can see, proof load testing can be performed using the conventional "proof load" method of length measurement or the yield strength method (Method 2), among others. ASTM, and the rest of the international fastener industry, deems that the purpose of the wedge tensile test is to ensure that the fastener does not fracture at the head to shank juntion, even at loads equivalent to the ultimate tensile strength. So imagine that an M10 PC10.9 externally threaded fastener is tested to yield (~ 48 kN), then beyond yield according to the wedge method in 2 kN increments up to the ultimate load of ~ 60 kN. It should look like this:
48 kN yield
50 kN more plastic deformation
52 kN more plastic deformation
54 kN more plastic deformation
56 kN more plastic deformation
58 kN more plastic deformation
60 kN fracture in the body or threaded portion
No matter what the load is, the stress in the head to shank junction is not sufficient to cause fracture. It doesn't matter if the yielded portion in the body or threads has strain hardened, the load keeps increasing but fracture occurs outside of the head area.