That totally makes sense!
It’s just strange, as Training Peaks recommends to set the grade at 15% (steep) and keep it there.
Overall (even with my normal aerobic base training), I usually have better luck getting my HR closer to AeT on flatter/milder terrain – there comes a point in steepness where I noticed my heart rate actually chills out but my legs start to give out. So I’m guessing what’s happening there is a similar phenomenon as what I saw at my attempt at the Anaerobic Threshold Test.
On a side note – reading some of the pinned posts revealed to me that I need to get a HR chest strap! I don’t think using a wrist HR monitor completely explains what happened with my Anaerobic Threshold Test, but more accurate date can never hurt.