To add a little to the above, the allowable stresses that are time INDEPENDENT are controlled by UTS/3.5. What this means is that the controlling parameter is ultimate tensile strength/3.5, which would occur well below 67% yield strength is reached (2/3rds of minimum specified YS). I would recommend you review ASME B&PV Code, Section II, Appendix I.
Most people do not recognize how allowable stresses are assigned. The full range of tensile properties are evaluated for the subject material at temperature. A spreadsheet is then developed comparing the UTS/3.5 to yield strength and the lower of the two values is assigned as the allowable stress.