14ounce cansweetened condensed milk(I used Eagle Brand)
Open a can of sweetened condensed milk and pour it into a mason jar.
Place the lid on the jar and twist to seal. Set the jar on a trivet inside the pressure cooker and add enough water to the pot to cover the jar halfway.
Secure the lid and turn the pressure knob to the “Sealing” position. Press the “Manual” button and adjust the time to 30 minutes using the + and – buttons.
When the pot beeps, allow the pressure to release naturally (mine took 45 minutes). Remove the lid and VERY CAREFULLY remove the jar from the pressure cooker. Allow the caramel to cool. (The caramel is still bubbling in the jar and the lid will not come off until it cools down enough to break the seal!)
Stir the caramel with a spoon until smooth and serve.
Serving size is based on 2 Tablespoons per serving with a total of 10 servings per can.
The time it takes for the pressure cooker to build pressure is not included in the cooking time. Times vary based on content temperature, water temperature, elevation, etc.