sayeeprasadr;
The yield strength of metals is established during a tensile test based on the application of stress along a single direction, and one direction only. By definition, this is the yield strength of the metal.
However, if additional stresses are present either applied or residual, it is the effective stress and not the principal stress that determines if yielding will occur in metals. The effective stress is determined using the familiar von Mises criteria for yielding;
Effective stress = {[(?1-?2)^2+(?2-?3)^2+(?3-?1)^2]0.5}/?2
If the effective stress caused by the application of the principal and residual stress is higher than the yield strength, the material will yield. So, the measured stress in one direction can be a lower value because of the added residual stresses that were induced during straightening of the test specimen.
The UTS is typically not affected by residual stress because after the yiled point has been reached, the fracture strength is governed by strain along a principal direction until fracture.