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Step 1
Preheat oven to 375°F. Lightly grease an 8-inch square baking dish with baking spray. Set aside.
Step 2
In a large bowl, combine bread cubes with melted butter, cinnamon, nutmeg, raisins and chopped pecans. Mix gently until well blended. Pour into bottom of prepared baking dish.
Step 3
Using the same bowl, whisk together the eggs with the sugar, vanilla and salt until frothy. Add warm milk and stir until blended. Pour over bread mixture.
Step 4
Bake for 30-35 minutes until edges lightly brown (center will be jiggly). Remove from oven.
Step 5
While bread pudding slightly cools and sets, prepare caramel sauce. In a saucepan over medium high heat, combine sugars, butter and heavy cream. Bring to a boil and stir continuously. Boil (at a rolling boil) for about 2 minutes.
Step 6
Serve warm. ENJOY!