I said I wasn't going to reply, but this demands clarification. I said "100% duty cycle", not "100% of yield strength". 100% of yield strength is failure!!
This is a little nitpicky but 100% yield strength is not failure. You're thinking of tensile strength. The yield strength of a material is the point at which the deformation becomes plastic rather than elastic, ie the point at which it starts to permanently deform from the original shape.