Capidotada (Mexican Bread Pudding)

INGREDIENTS

• 2 cups water
• 3 (3 inch) cinnamon sticks
• 2 cups white sugar
• 2 cups vegetable oil for frying
• 1 (1 pound) loaf French bread, cut into 1/2 inch thick slices
• 1 cup raisins
• 1 cup chopped pecans
• 1 small onion, finely chopped
• 6 ounces sliced mild Cheddar cheese